So in the middle of this \’perfect storm\’ what do we have. The utterly useless and clueless Ruth Kelly promoting HIPS for all houses. These sales packs will slow the supply of housing to the house market and so lead to a greater slowdown. Whilst falling house prices are probably a necessity after a bubble, this government policy has come at exactly the wrong time.
Umm, tell me if I\’m completely bonkers here, but doesn\’t a restriction of supply lead to higher prices?