They can lay low the best laid plans of mice and men:
THE GOVERNMENT has paid out a record £450,000 for an end-of-terrace house in one of the Victorian streets being bulldozed across northern England to make way for modern housing developments.
Under the government’s so-called Pathfinder scheme – championed by former deputy prime minister John Prescott – it was proposed up to 200,000 Victorian homes in the Midlands and northern England would be bulldozed and replaced with modern housing developments.
When the Pathfinder projects were first conceived, terraced homes could be bought in the north of England for as little as £12,000, but Yvette Cooper, the housing minister, has been caught out by rising property prices.
So in the years that the planners have been bumbling along the market has solved the problem all by itself. What were formerly places not worth renovating are indeed now worth renovating: at a vastly lower price than the costs of demolition and new build.
In the face of such changed facts, do the planners do a Keynes and change their minds? No, certainly not, they\’ve not that intellecual honesty. They carry on, pissing the taxpayers\’ money away with ever greater abandon.
Aren\’t we lucky to be ruled by such towering intellectual giants?