Two issues have made the headlines in today’s papers. One is the tragedy of EgyptAir Flight MS804. Without the black box, nothing is known what happened, and speculation while rescue operations are underway are a bit ghoulish.
Closer at home, the one issue across the papers is house prices, and how Brexit would make them fall. Well, it’s George Osborne who said so, and what could be better to scare the British voters into staying with Brussels than frighten them with a threat of falling house prices, because Mr Osborne and our government are of course ‘powerless’ to do anything about it, should we leave.
Britain’s overheated housing market could stall or even go into reverse if the UK votes to leave the EU, George Osborne claimed last night. In his latest dramatic warning about the cost of Brexit, the Chancellor said there would be a ‘hit to the value of people’s homes’ of 10-18 per cent by 2018. The figure would equate to a loss of up to £52,500 on an average UK home costing £292,000. But the Treasury last night admitted that the forecast related to a fall in predicted growth of house prices, meaning any actual drop would be much lower, or even non-existent.
The Chancellor, during a visit to Japan, warned that the UK would suffer a “profound economic shock” on cutting ties with Brussels that would have an impact on the property market. His remarks came as the Government was engulfed in a fresh row about mass migration causing a housing shortage in the UK. A report from the European Commission claimed Britain was building 70,000 too few homes a year to meet demand partly driven by the influx of newcomers from other EU nations.
House prices could take an 18% hit over the next two years and there will be an “economic shock” that will increase the cost of mortgages if the UK votes to leave the EU, George Osborne has warned. The chancellor said he would publish an official analysis next week saying house prices would be lower by at least 10% and up to 18% compared with what is expected if Britain remains in the EU. He made his claim as it emerged that property investors were inserting “Brexit clauses” in commercial deals to allow them to pull out.
House prices will fall by almost a fifth if Britain votes to leave the European Union, George Osborne has claimed. In his most significant intervention of the referendum campaign, Mr Osborne has said that a Treasury analysis has found that a Brexit could hit the value of homes across the country by as much as 18 per cent.
A quick glance at these reports show that this Exocet of a scare by Osborne and the Treasury (isn’t government supposed not to campaign for the Remainians?) is based on conjecture plain and simple. A disinterested observer might also ask how rising house prices in the case of us staying IN, would help with this latest diktat by Brussels.
Michael Gove has been accused of “desperate” and “hypocritical” scaremongering after he claimed five million more migrants could come to Britain if the public votes to stay in the European Union. In an attempt by Leave campaigners to push immigration to the heart of the referendum campaign the Justice Secretary warned that a migrant influx – equivalent to the population of Scotland – would put “unsustainable” pressure on the NHS by 2030. But critics pointed out that for Mr Gove’s figures to become a reality Turkey, Albania, Serbia, Montenegro, and the Former Yugoslav Republic of Macedonia, would all have join the EU by 2020, and the UK would not impose transitional immigration controls on them. Turkey has been in accession talks with the EU since 1987.
Yeah right, because we’ve coped so well with all the EU migrants whoa re already here but weren’t supposed to come, according to the various governments since 2004 … and never mind the migrants poised to cross the Channel. Meanwhile, a blast from the past:
GORDON Brown will today urge mothers to vote for Britain to stay in the EU – for the sake of their children’s future.Brown will say: “My message to young people is that Europe still is the future for jobs, environmental sustainability and fairness.”My message to mothers, worried about their children’s future, is that the biggest job creator of the next decade will be Europe’s single market.”This shows why the future is not ‘Britain leaving Europe to join the world’, but joining with the rest of Europe to lead in the world.”
Those would be the children who can’t get onto the housing ladder because of rising house prices if we stay in and of housing shortages because of migrants; the children who cannot get a proper education nor jobs because of migrants …
To be fair and balanced, here’s another blast from the past – remember the ‘bigoted woman’?