mortgage equity withdrawal.

Where was Gordon Brown, 'the most successful Labour chancellor ever' (mind you the bar is low) when all this was going on?

Sitting in his counting house counting the tax receipts from the stamp duty and the spending funded by mortgage equity withdrawal.

The man is an idiot. Any fool could see this would end in tears. Where is he going to get the tax now to fund his client state?

Oh, yes, that would be from you and me. The hard pressed, over-taxed, taxypayer is about to get hit hard.