UK and Euro Governments have an undemocratic bias toward the landed, house owning, and wealthy and the claiming classes, they represent these people more than democracy would indicate.
why is the record low of 0.5% interest rates being held for so long artificially ? whilst no saving is being encouraged at all in a country that needs strong deposits to boost lending ? they avoid the appearance of boom and bust, by denying the natural market action of bust as reprimand for over speculation.
Meaning the government is hoping it can turn this profligate situation into a realistic one, and take the greedy specualtive debt laden action of the last 20 years and work out a way of it not having a financial hangover from it, and reward those people for those aforementioned actions, this is an act of criminality against the poor the young and the first time house buyer, and the non house owning set in general, a betrayal of decent fiscal behaviour in favour of the greedy.
Perhaps what the government is really worried about, is the fact that if theyre were a property crash in this country, then due to the liberalisation of people movement in europe, what would really happen, would be that rich foreign investors, thanks to the european union and easy residency in the UK, would buy up the slack in the market if theyre was a crash, in other words the british poor would still not be able to take advantage of a property price crash, to house themselves becuase european and international types would have more disposable income to buy ahead of them in the property marketplace.