New Labour are ready to tackle the next house price bubble

Margaret Beckett, our so-called housing minister, thinks we are on the verge of a new housing bubble. But don't worry, New Labour are thinking ahead. They are ready with "measures" to tackle the next house price explosion. They are going to "intervene" to ensure that we aren't squeezed out of the market.

How I hate that word "intervene" when it comes out of the mouth of a New Labour minister.

THE housing minister, Margaret Beckett, claims there are signs of an “upturn” in the property market despite official figures showing prices plummeting at an unprecedented rate. She disclosed the government was already worrying about the next housing boom, and was intervening to ensure any recovery in prices does not squeeze people out of the market.

(The Times)