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I guess it won't be too much of a surprise to most given the recent stories around Zarah Sultana leaving the Labour party but it looks like Jeremy has finally broken ground on announcing their new political party.
Or at least the intention to form a new party which may or may not be called Your Party.
Seems like this could be a fairly positive move, assuming we get a chance to put proportional representation into the government elections at some point.
The Deluded Magic Money Tree Party. Bit long, i suppose.
Announcing your launch, promptly unannouncing it, immediately dividing into 2 rival factions, despite only having only 2MPs, briefing against each other, 6 weeks silence then reanouncing your launch, but with no name?
Great start!
To quote Malcolm Tucker:
Oh… Laurel and Hardy… nice of you to finally join us. Did you have trouble getting the piano up the the stairs? 😂
I thought the new party was called Fruit and Nut?
The Deluded Magic Money Tree Party.
Laurel and Hardy
Ah, the schoolyard name-calling, so much more fun than boring grownup politics !
weeks silence then reanouncing your launch, but with no name?
And no policies either ! What sort of political party has no policies?!?!
Honestly I've got milk in the fridge that will age better than yourparty
Well at least Richard Burgan now has somewhere to go, bless him.
If he’s not jumped ship before the end of the week then this new party, such as it is, really is stillborn
well, i guess all the "labour" left supporters, who have been apoplectic since labour actually won power, can now re-align to a party with no hope of ever winning anything.
will the right and the media let him blow his bubble much before they burst it?
The one you keep telling us is leading all the polls?
Sorry, couldn't resist.
No need to apologise but your point isn't clear. Reform UK has been leading every opinion poll since mid-April, what is the connection with this party that doesn't even have a name yet? They haven't got policies either?
so much more fun than boring grownup politics !
That ship sailed long ago.
can now re-align to a party with no hope of ever winning anything.
Well you could do that by just aligning with the Labour Party, so that wasn't something which was lacking.
Is there anyone who honestly believes that the Labour Party stands any chance of winning the next general election, and any of the elections between now and then?
Actually on reflection there probably is.......no one should underestimate the level of denial of the reality of the political situation in the UK, especially among centrists.
Can't help but think Sultana and Corbyn are a terrible combination. She's young, ambitious and likes being the centre of attention, he's an old idealist with not much of an ego who doesn't want the responsiblity of leadership. Hardly a surprise they're clashing, and they've probably got very different ideas about what this party should do and how it should operate. There's definitely space for a left-populist anti-establishment party, but I doubt this is it. At best it'll win the votes of the politically engaged leftwing working class but there's not many of them, and all the liberal middle class lefties are already voting for the Green Party.
My bet - disappear into obscurity in 5 years having first made sure we do not get a labour government next time. Much like all other groups that have split off labour over the years.l
So the right wing nutters can join reform and the left wing nutters can join this rabble. I guess it gives the loony left a home to go to and leave the Labour Party to get on with governing for the next 4 years
so how many parties of the far left does that make it? SWP are still going IIRC, this lot, Scottish socialist party, workers party, trade union and socialist party, 3 at least calling themselves communist parties numerous socialist parties and various other rag tag groups
Splitters!
Hardly a surprise they're clashing
I haven't really seen any evidence of that. Zarah Sultana is not a particularly experienced politician so a level of naivety is to be expected, are perhaps misinterpreting that? I have no doubt that the new party will attract people with a lot of political experience.
So the right wing nutters can join reform and the left wing nutters can join this rabble. I guess it gives the loony left a home to go to
What a great time to be a centrist !
What could possibly go wrong ?!?!
I have no doubt that the new party will attract people with a lot of political experience.
Not of actually acheiving anything. Just a load of talking. All mouth and trousers
My bet - disappear into obscurity in 5 years having first made sure we do not get a labour government next time.
Nah Starmer will deserve all the credit for that along with the self professed grown ups who think that chasing the reform vote with "island of strangers" and the epping thugs are "upset for legitimate reasons" is a good tactic.
If there was ever a time we needed PR it's now, or very soon.
Shame Starmer and his cronies hate the idea isnt it? Since after all if we had PR they couldnt try the "who else will they vote for" bollocks.
I have no doubt that the new party will attract people with a lot of political experience.
Not of actually acheiving anything. Just a load of talking. All mouth and trousers
So you have decided that this political party in the making won't achieve anything after already accusing them of being responsible for the fact that Labour won't be winning the next general election. That's quite something!
If they are going to have that much effect on UK politics the Labour Party better start taking the alleged threat they pose very seriously.
A bit like how Starmer now appears to be taking the threat posed by Reform UK quite seriously.
Oh dear, what is a centrist supposed to do in such a situation........ become bigoted and racist and lurch to the right, or lurch to the left and become all inclusive?? Such a predicament!
Btw I don't understand your reference to trousers, what do you mean by "all trousers"?
This is the statement released today by the two interim leaders
Our movement is made up of people of all faiths and none. The great dividers want you to think that the problems in our society are caused by migrants or refugees. They're not. They are caused by an economic system that protects the interests of corporations and billionaires. It is ordinary people who create the wealth and it is ordinary people who have the power to put it back where it belongs.
It's time for a new kind of political party. One that is rooted in our communities, trade unions and social movements. One that builds power in all regions and nations. One that belongs to you.
Sign up at www.yourparty.uk to be part of the founding process, leading to an inaugural conference. At this conference, you will decide the party's direction, the model of leadership and the policies that are needed to transform society. That is how we build a democratic movement that can take on the rich and powerful - and win.
Real change is coming.
Is there anyone who honestly believes that the Labour Party stands any chance of winning the next general election, and any of the elections between now and then?
If the Internet is to be believed (I know, I know) it seems highly unlikely. Every third post anywhere that allows comments is "well, what do you expect with this government?" It's like complaining you've got herpes whilst conveniently ignoring your previous 15 years of leprosy. I'd bet good money that this thread will go the same way, the usual suspects will channel their Inner Binner as soon as the word 'Corbyn' is mentioned.
Starmer is a car crash of a politician but really, who else would you have in charge? Ed Davey? Garage is gaining traction (again, we still haven't learned) because his "bloke from down the pub" persona is, in fact, a bloke down the pub whereas Starmer is as about as charismatic as matt undercoat. Prior to this we had Sunak whose idea of demonstrating being a Man Of The People was to stage a photo opportunity on a garage forecourt, presumably thinking that what this country really needed was a man whose aides could help him tell the difference between diesel and unleaded.
Reform UK will win next time around, by a landslide. 100% guaranteed. If you added up all the red, yellow and blue voters together Reform would probably still win because currently everyone hates Labour, everyone hates the Tories and no-one overly cares about the Lib Dems; meanwhile, reform sounds like a good idea doesn't it.
Let's face it. It's a cult of personality with no currently viable alternative, and whilst a viable alternative is probably exactly what British politics needs right now "thank **** Corbyn is back" said precisely no-one. How far back in time do we have to go to reach the last popular Prime Minister, the 1970s? We're in luck if so because that's exactly where we're headed.
Is there anyone who honestly believes that the Labour Party stands any chance of winning the next general election, and any of the elections between now and then?
I think we've all seen how quickly things can turn around in politics.
Actually on reflection there probably is.......no one should underestimate the level of denial of the reality of the political situation in the UK, especially among centrists.
How do you define "centrists" and what's your issue with them?
Shame Starmer and his cronies hate the idea [of PR] isnt it?
It's a self-fulfilling prophecy. In many (most? all?) recent cases the party in power probably wouldn't be there if we had PR. So they're hardly going to vote in favour of it (ie, against their own self-interests) regardless of what colour rosette they're wearing. They should of course - was it Churchill who said something like "country before party"? - but they won't.
How far back in time do we have to go to reach the last popular Prime Minister, the 1970s?
Between 1997 and 2001, before the thing that he did that makes everyone forget the good stuff that he did...
"thank **** Corbyn is back" said precisely no-one.
Except for the soon to be franchised youth
But whilst Labour remain clearly the most popular party amongst this age group, the most popular politician was Jeremy Corbyn.
Personally I very much doubt that Corbyn wants to remain co-leader and it is only a provisional role whilst the party decides both its structures and long-term leadership.
If they opt for a party leader in conventional form in UK politics it will be my first disappointment, although I doubt that they will.
Except for the soon to be franchised youth
Makes sense I suppose, they're probably too young to have paid much attention to the absolute lambasting / smear campaign the gutter press launched against him last time around.
I had seen the poll which put the potential new left-wing party on 10% of the vote, which is fairly impressive for a party which hasn't even been formed, but I hadn't seen this more recent one which put them level pegging with Labour at 15%
https://www.lbc.co.uk/politics/uk-politics/corbyn-sultana-party-labour-polling/
Perhaps the centrists should do the decent thing and not split the anti-right wing vote ?
They had their chance, and blew it, now is perhaps the time to step aside and let others tackle the growing hard-right threat which they clearly have been unable to contain.
Is there anyone who honestly believes that the Labour Party stands any chance of winning the next general election, and any of the elections between now and then?
yes - quite likely they will be the largest party in my view - so long as this bunch do not split off the left vote
all mouth and trousers = all talk and no action
What makes this grouping anything more than another hard left faction?
It's a self-fulfilling prophecy. In many (most? all?) recent cases the party in power probably wouldn't be there if we had PR.
Thats not the scottish experience
It's ****ing enraging to hear all these self-styled Leftists saying "well, if there was PR then 'real' left parties would be wildly successful". We've had PR in Scotland and Wales and Northern Ireland and London for over 20 years, and that's not how it's panned out. But these people are just as Anglocentric as Farage so they have no knowledge or interrdt in such things...
Sort of - first scottish parliament we had 6 Scottish socialist party MSPs and they actually achieved something in forcing an end to warrant sales. However they descended into factionalism ( with a side helping of a sex scandal) and none have been elected since.
As I pointed out above - this new party is just another leftist faction. If they actually combined perhaps they could acheive something
What makes this grouping anything more than another hard left faction?
Well for a start Jeremy Corbyn isn't hard left. Have you been reading the Daily Mail again TJ?
And secondly it has no structures, no policies, and not even a name, so it is kind of difficult to pass judgement on them.
The only known certainty about them is that they are attempting to make pitch on the left of the UK political spectrum, an area which is sparsely populated compared to the rather overcrowded right of the UK political spectrum, so on that basis I wish them well.
Ill place a bet now ( pastry based)
1) that this party do not get more than half a dozen MPS and probably none
2) that they take enough votes off labour and the greens to ensure a right wing government next time
Well for a start Jeremy Corbyn isn't hard left. Have you been reading the Daily Mail again TJ?
good point minus the insult 🙂
they are attempting to make pitch on the left of the UK political spectrum, an area which is sparsely populated compared to the rather overcrowded right of the UK political spectrum, so on that basis I wish them well.
Errmmm -= I just listed a dozen political parties in that space 🙂 thats the problem.
Corbyn continues in his life-long project to sabotage the UK left and the European project.
Well, a man's got to have a hobby
Well I for one like Jezza and his style of politics, the only time I voted labour was when he was leader, I wish him and his new party all the best.
It's ****ing enraging to hear all these self-styled Leftists saying "well, if there was PR then 'real' left parties would be wildly successful".
I would suggest then you dont go all daily ****ing mail inventing shit to get outraged about.
Its fascinating how whenever PR is mentioned there is a bunch of people who just spew out this sort of simplistic bollocks.
2) that they take enough votes off labour and the greens to ensure a right wing government next time
Nope thats going to be purely down to Starmer and his right wing government. Perhaps he shouldnt purge the left whilst appeasing the hard right?
Radical concept for a labour leader I know but even Blair managed it.
Radical concept for a labour leader I know but even Blair managed it.
Blair took the labour party rightwards at least as much as Starmer has and in some ways more.
After 6 weeks of discussion they stilll don’t have a name. What’s the smart money on? The Popular Front? The Peoples Front? The Popular Peoples Front?
Ill place a bet now ( pastry based)
1) that this party do not get more than half a dozen MPS and probably none
2) that they take enough votes off labour and the greens to ensure a right wing government next time
Well they are highly likely to end up with more MPs than that by the end of this year. And next general election they will almost certainly have the scalp of the Labour MP which you hate the most - Wes Streeting.
And yes you are quite right TJ from this moment on the reason that Labour will lose the next general election will be because of Corbyn. Expect to hear that over and over and over again.
That is a given, and the fact that the latest opinion poll gives Labour a staggering low 20% does not suggest that Labour would not otherwise be on course to win the next general election.
It is amazing what a party led by Corbyn which obviously has no support whatsoever might achieve.
Oh look, the very latest opinion poll gives Reform UK a 14 point lead over Labour, I blame Jeremy Corbyn !
https://findoutnow.co.uk/blog/voting-intention-23rd-july-2025/
Our new Voting Intention tracker shows our highest ever lead for Reform, leading Labour by 14 points
It's ****ing enraging to hear all these self-styled Leftists saying "well, if there was PR then 'real' left parties would be wildly successful".
I would suggest then you dont go all daily ****ing mail inventing shit to get outraged about.
Its fascinating how whenever PR is mentioned there is a bunch of people who just spew out this sort of simplistic bollocks.
No more simplistic bollocks? Brilliant. Looking forward to your nuanced, evidence-based analysis of how leftist parties have done in the last 20 years in the various UK assemblies that do have PR, and what that means for Your Party under FPTP and PR.
Looking forward to your nuanced, evidence-based analysis of how leftist parties have done in the last 20 years
Ermmm why do I need to do that. You made an inane claim. I pointed out it was bollocks.
I dont need to indulge you in your goalpost shifting.
Well they are highly likely to end up with more MPs than that by the end of this year.
Only because they will get a few of the more left wing labour mps who won’t have to go through an election to be classed as their mps. Let’s see if they have any once they have to stand for election under the party with no name banner.
Blair took over a country that had bean already taken rather right of centre by Thatcherism, he them performed an accounting trick by allowing a corporate takeover of government services, which has cost the country far more in the long term than the more traditional government debt and spending, this aided the transfer of wealth from the poor to the rich instead of balancing the economy. When the Tories took aver again they further accelerated that transfer off wealth, and supressed the wealth and earnings of the majority with austerity.
So Starmer has taken over a country that is already far to the right of the country Blair took control of and is suffering quite extreme financial inequality, it could almost now be described as economic segregation, and has not only done sweet FA to change tack but has wholeheartedly adopted austerity and racism, and gone further in attacking some of the most vulnerable members of society than even a tory government would have dared.
This new party will highly likely be closer to the centre of politics than this right wing aberration of Labour, and will definitely be closer to the centre than most of the STW members who claim to be centrists.
Expect to hear that over and over and over again.
Yup its going to become an overwhelmingly litany by the next election accompanied by a "a vote for him/greens/libdems is a vote for reform"
Plus angry questions about why are people supporting someone who talks about "island of strangers" and ministers who argue the right wing thugs in epping are "upset for legitimate reasons".
Well they are highly likely to end up with more MPs than that by the end of this year. And next general election they will almost certainly have the scalp of the Labour MP which you hate the most - Wes Streeting.
Only from defections - and I doubt they will get many. As for unseating Streeting? do you mean they will get elected or do you think they will just take votes off him allowing someone else to win.
So a selection of Greggs finest pasty products to you if they get more than 6 mps elected? Want to take the bet?
Well for a start Jeremy Corbyn isn't hard left.
Well he’s hardly what I would call a centrists. The last time he stood as party leader the country thought that was such a bad idea we got lumbered with Boris
Well they are highly likely to end up with more MPs than that by the end of this year.
Only because they will get a few of the more left wing labour mps who won’t have to go through an election to be classed as their mps. Let’s see if they have any once they have to stand for election under the party with no name banner.
Er, you do realise there are 5 pro-Palestine independents who all stood and defeated Labour candidates at the last general election, don't you?
They are currently all in a loose parliamentary coalition and I suspect it is highly likely that they will join the new party in the process of being formed. So with Zahra Sultana that would already make the half a dozen MPs which TJ claims won't be exceeded at the next general election.
Obviously it is likely that other MPs which Starmer has removed the Labour whip from will join them, why should they just sit as independents because of Starmer's control freakery ?
And btw if left-wing independents can win 5 parliamentary seats in the same general election that Labour won a landslide victory how many more seats do you think they could win when standing against an unpopular and failed Labour Party?
Well they are highly likely to end up with more MPs than that by the end of this year.
Only because they will get a few of the more left wing labour mps who won’t have to go through an election to be classed as their mps. Let’s see if they have any once they have to stand for election under the party with no name banner.
Er, you do realise there are 5 pro-Palestine independents who all stood and defeated Labour candidates at the last general election, don't you?
They are currently all in a loose parliamentary coalition and I suspect it is highly likely that they will join the new party in the process of being formed. So with Zahra Sultana that would already make the half a dozen MPs which TJ claims won't be exceeded at the next general election.
Obviously it is likely that other MPs which Starmer has removed the Labour whip from will join them, why should they just sit as independents because of Starmer's control freakery ?
And btw if left-wing independents can win 5 parliamentary seats in the same general election that Labour won a landslide victory how many more seats do you think they could win when standing against an unpopular and failed Labour Party?
I do thanks. That’s just shows that the odd independent can get elected. This is about standing for a party that do far has a policy they cannot deliver on Gaza. We will find out in 4 years assuming they can generate enough money to run a party and campaign
The last time he stood as party leader the country thought that was such a bad idea we got lumbered with Boris
We got lumbered with Boris, as you put it, because Reform withdrew their candidates, that won't be happening again.
Labour under Corbyn got half a million votes MORE in 2019 than they got in 2024 under Starmer.
Still, if Starmer can easily see off a challenge from Corbyn I can't see a problem for the centrists.
Other than lefty voters might be mean and not vote for them.
We will find out in 4 years assuming they can generate enough money to run a party and campaign
Ah yes, how dare a party not indebted to wealthy backers try and actual offer solutions to extreme inequality, your dismissal of politics not embracing the current failed status quo reveals how far to the right you really are.
It's ****ing enraging to hear all these self-styled Leftists saying "well, if there was PR then 'real' left parties would be wildly successful". We've had PR in Scotland and Wales and Northern Ireland and London for over 20 years, and that's not how it's panned out. But these people are just as Anglocentric as Farage so they have no knowledge or interrdt in such things...
That's not the point. It's not about "getting the result you want" (hmm, where have we heard that before?) but rather that it's more representative of what the majority of people want. The fact that the majority of people have been brainwashed into believe that all the problems in this country are down to checks today's Daily Mail headline "ASYLUM SEEKERS GAMBLING AWAY TAXPAYER CASH" is a wholly different problem.
I don't believe that "real" left parties (whatever that means) would be wildly successful under PR, not least because we don't actually appear to have any. In Fantasy World Britain I'd want a government which was liberal and democratic, there's one party that actually has both of those things in their name* but they're forever tainted since Clegg failed to stand up to the Tories FIFTEEN YEARS AGO over tuition fees and Miliband had an unflattering photo taken whilst eating a sandwich. This is literally what we've come down to, the best thing that could happen for the country politically right now would be for Farage to spill someone's pint then go have a piss in a Greggs' doorway on the way home.
(* - Whether their name is still reflective of their policies and politics today I have no idea, they've been of little consequence for so long now that I haven't looked.)
Ah yes, how dare a party not indebted to wealthy backers try and actual offer solutions to extreme inequality, your dismissal of politics not embracing the current failed status quo reveals how far to the right you really are.
I been accused of many things but never a righty. All I’m pointing out is that to run a party, fund a general election campaign cost a lot of cash or a huge number of volunteers. It’s just a simple fact of life. I would much rather political parties weren’t in debt to big donors but we are where we are and Corbyn isn’t going to change that
Bloody hell I got out for a couple of pints and rather unsurprisingly but, stir quickly this thread turns into the usual few arguing who is right.
The last time he stood as party leader the country thought that was such a bad idea we got lumbered with Boris
Because, as I said on the previous page, it's a cult of personality. Team Boris got votes because he's a "character." This "Your Party" would fare better if it was headed up by Bruno Tonioli.
Ermmm why do I need to do that.
...and that's why the lessons of UK leftist parties who have already operated under PR electoral systems get ignored.
a huge number of volunteers
big donors
Actually the lack of volunteers is likely to be a problem for Labour, the sort of people who have been kicked out of the Labour Party or driven out by Starmer tend to be the very activists that work the hardest.
Any new left-wing party is likely to inherit a lot of them plus also large numbers of young and enthusiastic recruits who will feel energised by a real alternative.
As far as financial backing is concerned Unite has just kicked out Labour's deputy leader and is likely to give financial support to a new left-wing party, as are other trade unions such as the FBU and the RMT.
I imagine that what seats the new party contests, and therefore pour resources into, will be very careful considered. I genuinely don't think that volunteers and finance will a serious problem for them. The people who front it will be more critical imo.
Ernie - greggs based bet? Half a dozen seats at the next GE?
PR is also common across Europe, and much of the same problems in the UK are being experienced there, it isn't PR won't solve anything breaking the hold of wealth over politics will have a far bigger impact. Which is why it saddens me that when presented with an actual alternative to that status quo of politics owned by the wealthy, the "centrists" fall into line to dismiss and attack that alternative in favour of their political parties owned by those wealthy interests.
Bloody hell I got out for a couple of pints and rather unsurprisingly but, stir quickly this thread turns into the usual few arguing who is right.
This is a political thread. People have different political opinions. Did you expect a political thread in which everyone agreed?
What is the correct political opinion for someone who claims to ride a bike on a single track?
It used to be to support the Labour Party but I am not entirely sure that it still is.
MSP - I am just saying I do not believe they will amount to anything much apart from maybe splitting off some labour votes leading to a right wing win at the next GE
Thats what political history tells us. splinter groups on the left never achieve any significant representation, they just split the anti tory vote in FPTP systems. I actually rather like both Corbyn and Sultana
What is the correct political opinion for someone who claims to ride a bike on a single track?
I think some posters would be more interested in a Long March than a bike ride...
I absolutely agree with Kirsty that there's a housing crisis of affordability. Her article is very short on propostitions about what to do about it though. The causes are also under investigated. There's no mention of the average occupancy in those hard pressed cities. Berlin isn't on her lists but one of the most telling:
People used to live in families, often with different generations under the same roof. Now the trend is to divorce and people living alone, and people living longer, alone. The number of people per household is dropping - that's a major factor. Then you have second homes, a house in the country and in the city. Then you have the short term tourist rental phenomenon. It's as much about changing lifestyles as the rich grabbing all the property.
The rental prices just reflect supply and demand. Either properties need dividing up or new ones building, preferably having knocked down the energy pits in risk of collapse to make space for denser energy efficient properties with eco transport, no cars and some green spaces.
If you want a nice cheap place to live I suggest Thiers. A building to renovate in the delightful historic centre wil cost you around 30 000e. There again, Brexit.
Housing prices reflect deliberate government policy over many decades as well as the factors 'Edukator mentions. the middle classes feel wealthy having all that imaginary money in their house. No government could take the steps needed to reduce the prices to something reasonable as the middle classes would simply not vote for them
Thats what political history tells us.
That is great because it means that if the future is dictated by the past then Reform cannot possibly be the largest party after the next general election, Starmer will be relieved !
And so will a lot of other people......... nothing to see here, UK politics is as predictable as it's always been, either Labour or the Tories will win the next general election.
My bet is it will be a hung parliament with labour as the biggest party. No winners.
Edit - could make a pastry based bet on that as well?
I think some posters would be more interested in a Long March than a bike ride...
Some posters would prefer to goosestep.
Housing prices reflect deliberate government policy over many decades as well as the factors 'Edukator mentions. the middle classes feel wealthy having all that imaginary money in their house. No government could take the steps needed to reduce the prices to something reasonable as the middle classes would simply not vote for them
Yep we have been moving to the right for several decades, and the middle classes who call themselves centrists with their unearned property gains abandon morality at the first step to deny the solutions defend the status quo and attack the left, and then blame the poorest and most disenfranchised for the mess. STW centrism in a nutshell
Housing was just one example, supressed earnings, financial inequality, corporate benefits, the rise of the far right etc are all happening in European countries with PR. PR is not the solution, voting for parties that don't represent the financial interests of the wealthy is. Yet everybody wants to claim the facade of change that PR would bring is the change they want, and deny the real problems, as perfectly demonstrated in this thread.
My bet is it will be a hung parliament with labour as the biggest party.
And presumably the Tories the second largest party, because that is what "political history tells us".
Nigel Farage is going to be disappointed.
I wouldn't be suprised with reform being 2nd. tories reduced to a rump, lib dems and greens increasing representation.
Bloody hell I got out for a couple of pints and rather unsurprisingly but, stir quickly this thread turns into the usual few arguing who is right.
Point of correction, they are not arguing who's right, they are arguing who's left 😉
I'll get my coat and see myself to the door.
No government could take the steps needed to reduce the prices to something reasonable as the middle classes would simply not vote for them
The only three things that would cause such a massive reduction would be an incredible amount of housebuilding in a short period, massive increases in interest rates or a level of net emigration never seen in UK history. The reason those things aren't happening isn't "the middle classes don't want property prices to go down".
The reason those things aren't happening isn't "the middle classes don't want property prices to go down".No government could take the steps needed to reduce the prices to something reasonable as the middle classes would simply not vote for them
On a more serious note, check out 'gary's economics' he's an ex-Citibank trader, their top trader for a while, and some of his insights are *mindblowing* when it comes to wealth inequality.
His background:
His take on the curent situation: