George Osborne's Help to Buy housing scheme is 'truly moronic' according to leading City analyst| News | The Week UK
Sort of have to agree. An economy in massive debt with large unemployment of young people in the midst of an unpopped housing bubble chooses to print money to inflate the bubble further.
Makes Gordon Brown look like an economic genius.
GEORGE Osborne's little-loved Help to Buy scheme has been described as "moronic" by a leading City analyst.
Albert Edwards, head of the global strategy team at Société Générale, said the chancellor's flagship programme will artificially inflate property prices and drive young people deeper into "indentured servitude" by creating another housing bubble.
Albert Edwards, head of the global strategy team at Société Générale, said the chancellor's flagship programme will artificially inflate property prices and drive young people deeper into "indentured servitude" by creating another housing bubble.
Makes Gordon Brown look like an economic genius.
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