New council tenants will have to pay 80% of the market rent, which will be a bit difficult in London! Here in the North, it is impossible to get a new council house or flat anyway unless you are a one legged lesbian with 7 kids on the run from the Romanian gestapo, so that doesn't affect anyone!
Unemployment will soar, and quickly too.This is real 'Boys From The Black Stuff' unemployment. The government have said half a million will be laid off, but once those people have stopped buying crap from Top Shop and HMV, the knock-on effect will be huge.
The debt needs to be paid and this is a start, and after a few more tweaks to get more from the very rich it could work, but at what cost? 4million on the dole? Rubbish on the streets, council buildings falling into disrepair, civil unrest due to police cuts, undermanned military, all we need is for Argentina to invade the Falklands again(as we are retiring aircraft carriers for ten years! And Harrier jets, and throwing away the £3.5bn spent on Nimrod, even though they are already ready to be delivered and ready to fly), so record unemployment, impotent local councils, housing shortages,very unhappy students, and a weak military, but the rich are okay-it must be the 80s again or a Conservative government!
Chris Mercer.20.10.10
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