Before heading to this week's World Economic Forum in Davos, Shadow Chancellor of the Exchequer Rachel Reeves was interviewed by the Times. The highlight of her plans, ahead of this year’s election that the Labour Party expects to win, was for regulatory changes to "help trigger a broader cultural shift" toward much longer-dated fixed-to-term mortgages.

Government interference in markets rarely ends well, and this looks destined to be no exception. US President Ronald Reagan's aphorism that the nine most terrifying words in the English language are “I'm from the government, and I'm here to help” seems pertinent.

QOSHE - Labour’s Mortgage Meddling Won’t Salve UK Housing Woes - Marcus Ashworth
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Labour’s Mortgage Meddling Won’t Salve UK Housing Woes

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17.01.2024

Before heading to this week's World Economic Forum in Davos, Shadow Chancellor of the Exchequer Rachel Reeves was interviewed by the Times. The........

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