Today it\’s all about the property market. About how houses are too expensive and Something Must Be Done!
At which point he entirely fails to mention, even to dismiss it, the simple fact that cheaper housing will only come about through a relaxtion of the planning system. If, as is indeed true, 50% or more of the value of a house in the south of England is in the piece of paper that allows a house to be built, then the obvious answer to the question of how we get cheaper houses is to issue more pieces of paper.
To propose absolutely any reform of the housing system without remarking upon this truth is simply to be ignorant of the subject under discussion.
But then this is Hutton, isn\’t it?