Property Speculator Lord Oakeshott Says Build More Homes

The ever irritating, yet strangely compelling, Matthew Oakeshott has spent the week trying to big-up his mate Vince Cable and a change in economic direction. Guido was particularly interested by one policy in his all-solving Plan A+:

That’s why I’ve been saying we need a bold plan A+, making banks lend, especially RBS, the bank we own but disgracefully don’t control, and a firm government commitment to create 500,000 new jobs in construction by doing whatever it takes to build 100,000 more homes a year.

Does this have anything to do with the fact that the good Lord has a small fortune relying on home construction as a property speculator? The petulant peer is the “joint investment manager” at OLIM Investments’ Value Income Trust and the chairman of OLIM Property, investment firms which make their money from – you guessed it – building homes. Very Tim Yeo




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Quote of the Day

Owen Smith backs one hour contracts but wants to abolish zero hours contracts:

“You need to give people a contract to say, ‘here’s what you will be working’. It could be one, but I’m saying it shouldn’t be zero, we should invert that emphasis.”

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