Andrew Lilico left this comment on ConservativeHome yesterday. It's a very good one:
"One aspect of this that I haven't seen discussed: The government now has a very significant incentive not to permit UK house prices to fall, even though arguably a fall of at 10-15% is positively desirable. This will colour its reaction to Bank of England decisions, housing market regulation, planning reform, and many other issues. Is it really good for policymaking for the government to be conflicted in this way?"
