A mantra routinely offered by government, quangos, or 'fake' charities, when something goes wrong on their watch - yet it seems lessons have not been learnt.
The Daily Telegraph advises us that David Cameron will today formally open the NewBuy Guarantee scheme, where the Government guarantees part of a homebuyer’s mortgage, allowing them to take out much larger loans than they might otherwise be eligible for. (Emphasis mine)
Politics Home quotes Grant Shapps stating that this isn't going to cost the taxpayer very much money at all, if anything. (Emphasis mine)
Details of the NewBuy Guarantee scheme have been released here.
Even bearing in mind the statement issued by the Council of Mortgage Lenders, one has to ask: is not spending money that you haven't got how people and the last government created problems for themselves and the country? The statement by Shapps beggars belief - of course it will cost the taxpayer initially, whilst the proposal also brings in that element of 'referism', something which I have mentioned previously.
I hope that I am not alone in thinking this proposal a tad stupid?
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