In praise of universal benefits

Among Nick Clegg’s various pronouncements yesterday was his repeated claim that benefits for the elderly should not be universal, and should not be available to the better-off.  It’s not  a new theme, of course – Clegg was making the same arguments at this year’s Liberal Democrat conference, with Vince Cable weighing in to claim, in […]

UK house prices – it could be worse than we think

News from Britain’s largest mortgage lender, HBOS, suggests that house prices in the UK fell 1.7% in July – giving an annual fall of 8.8%. But there’s some evidence that this underestimates the size of the fall.  Lord Oakeshott, the Liberal Democrats’ Treasury spokesman, has argued that prices of domestic properties at auction have fallen […]