House prices are in free fall. Let joy be unconfined. The explosion in house prices meant that most younger middle or upper-working-class people stood no chance of living out the middle-aged peak of their powers in properties remotely resembling the ones in which they grew up.
"Bricks and mortar" do not, at least ordinarily, constitute an "investment". They constitute a place to live. If we are now being forced back to acknowledging that truth, then about time, too.
As we understand.
And City "bonuses" (paid automatically - the only question, if that, is over the precise sum involved) might yet be curbed, even if the Government is still too craven to insist on seats on the boards and other basics of that sort.
There is no reason to stop in the City. Quite the reverse in fact: it should be made illegal for any company to pay any employee more than ten times what it pays any other employee, with the entire public sector functioning as one for this purpose, and with its median wage fixed by statute at the median wage in the private sector.
MPs and Ministers are clearly part of that public sector. And now, it seems, so are bankers.
Again, we understand these things.
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