Chancellor George Osborne announced a new scheme:
"Help to Buy – a scheme available for anyone looking to get on or move up the housing ladder"
Osborne plans to massively reinflate the housing bubble. Can only hope it won't burst as spectacularly as the US one in 07/08 #CityAMBudget— Peter Spence (@Pete_Spence) March 20, 2013
Great big state loans to first time buyers. Sub-prime is back, and we're all on the hook. #cityambudget— Tim Wallace (@Tim_Wallace) March 20, 2013
More credit subsidies, intervention in housing market - even though problem caused by govt action in the first place, on credit and planning— Allister Heath (@AllisterHeath) March 20, 2013
Using the government's balance sheet to prop up huge housing-based lending. What could possibly go wrong? #cityambudget— Julian Harris (@Hariboconomics) March 20, 2013