Gordon's 110,000 houses for rent could be 500,000 if left to private landlords

I note that Gordon has announced his 'intention' to provide 110,000 new social houses over 2 years. The cost to us taxpayers £1.5 billion.

Lets put Gordon's little plan into context.

The private rental sector grew from 2.45 million units in 2000 to 3.2 million in 2007.

That's 750,000 properties for rent in 7 years at no expense to the taxpayer.

Hey Gordon, here's an idea for you. Why don't you give that money to private landlords, who would then secure an additional £4.5 billion in buy-to-let loans, and for that investment could provide 440,000 new properties for rent.

Is that too obvious. Or is it that Gordon is no more New Labour than Trotsky was an advocate of free market economics. Just as 'New Labour' was just a clever way of saying - "We believe in the state and tax and spend but we are just much more clever at deceiving the electorate than our predecessors."

So Gordon, stop wasting our money and give it to people that are resourceful, motivated and will deliver. That way the whole country gets value for money for a change.

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