This evening, the BBC reports that the Government is considering allowing banks to swap mortgage books for Government bonds to free up the mortgage market. Last Monday, Shadow Chancellor George Osborne MP gave a speech where he set out a new policy where banks would be allowed to, er, swap mortgage books for Government bonds to free up the mortgage market. Deja vu or what?
And deja vu on the flight tax, IHT cut, non domiciles etc. etc. Can't be long before we get deja vu on the 10p tax thing. But what to call this unprecedented situation - how about "Opposition Government"?
