bring in uh gary stevenson who used to
be<00:00:02.320> a<00:00:02.399> city<00:00:02.720> trader<00:00:03.040> now<00:00:03.199> works<00:00:03.520> as<00:00:03.679> an
um let's begin then briefly with your
thoughts<00:00:10.080> in<00:00:10.240> a<00:00:10.320> nutshell<00:00:10.800> really<00:00:11.120> as<00:00:11.200> to
thoughts in a nutshell really as to
what<00:00:12.080> was<00:00:12.320> said<00:00:12.639> with<00:00:12.880> regards<00:00:13.519> to<00:00:13.920> housing
whether or not actually you feel this
could<00:00:17.119> do<00:00:17.760> perhaps<00:00:18.160> more<00:00:18.320> harm<00:00:18.560> than<00:00:18.800> good
could do perhaps more harm than good
yeah<00:00:20.560> so<00:00:20.960> the<00:00:21.119> chances<00:00:21.600> come<00:00:21.760> in<00:00:22.080> uh<00:00:22.240> just<00:00:22.400> as
also i think what could be more
important<00:00:31.920> is<00:00:32.000> he's<00:00:32.160> trying<00:00:32.399> to<00:00:32.480> push<00:00:32.719> these
especially homeowners my big concern is
that<00:00:43.520> just<00:00:43.760> as<00:00:43.920> we<00:00:44.079> saw<00:00:44.320> last<00:00:44.559> year<00:00:44.719> in<00:00:44.800> the
that just as we saw last year in the
middle<00:00:45.120> of<00:00:45.280> a<00:00:45.360> massive<00:00:45.760> crisis<00:00:46.239> and<00:00:46.320> recession
middle of a massive crisis and recession
house<00:00:47.200> prices<00:00:47.520> shot<00:00:47.680> up<00:00:47.760> the<00:00:47.840> record<00:00:48.160> highest
house prices shot up the record highest
this<00:00:49.039> could<00:00:49.280> really<00:00:49.520> be<00:00:49.680> pouring<00:00:49.920> more<00:00:50.160> flames
this could really be pouring more flames
on<00:00:50.640> the<00:00:50.719> fire<00:00:50.960> of<00:00:51.039> the<00:00:51.120> house<00:00:51.360> price<00:00:51.680> crisis
on the fire of the house price crisis
um<00:00:53.039> you<00:00:53.199> know<00:00:53.360> for<00:00:53.520> some<00:00:53.760> people<00:00:54.000> if<00:00:54.160> you're
um you know for some people if you're
for<00:00:54.800> example<00:00:55.360> a<00:00:55.440> family<00:00:55.760> like<00:00:55.840> rishi<00:00:56.160> sunak
you can ask his dad for a five percent
deposit<00:00:59.760> but<00:01:00.000> for<00:01:00.079> a<00:01:00.160> lot<00:01:00.239> of<00:01:00.480> ordinary<00:01:01.039> people
deposit but for a lot of ordinary people
who<00:01:01.520> don't<00:01:01.680> have<00:01:01.760> that<00:01:01.920> money<00:01:02.160> thing<00:01:02.399> to<00:01:02.559> have
who don't have that money thing to have
they're<00:01:03.280> gonna<00:01:03.520> have<00:01:03.600> to<00:01:03.680> sit<00:01:03.840> on<00:01:03.920> the
much faster than their savings do here
so<00:01:08.960> really<00:01:09.520> this<00:01:09.760> is<00:01:09.920> gonna<00:01:10.080> split<00:01:10.400> the<00:01:10.479> house
not do you have the money for the
deposit<00:01:12.720> now<00:01:13.280> or<00:01:13.439> do<00:01:13.600> you<00:01:13.680> have<00:01:13.840> to<00:01:14.159> sit<00:01:14.320> by<00:01:14.560> and
and we're going to make it harder for
you<00:01:20.960> to<00:01:21.040> get<00:01:21.119> a<00:01:21.200> mortgage<00:01:21.520> we're<00:01:21.680> going<00:01:21.759> to
it should stop trying to push house
prices<00:01:32.320> up<00:01:32.400> and<00:01:32.560> start<00:01:32.720> looking<00:01:32.960> at<00:01:33.040> wages
people are not earning enough money
to<00:01:37.520> buy<00:01:37.680> these<00:01:37.840> houses<00:01:38.320> wages<00:01:38.720> have<00:01:38.799> done
to buy these houses wages have done
nothing<00:01:39.439> what<00:01:39.600> are<00:01:39.680> the<00:01:39.759> wages<00:01:40.079> done<00:01:40.320> in<00:01:40.400> the
working families without the problem and
deeper<00:01:50.799> than<00:01:51.040> that<00:01:51.280> i<00:01:51.360> think<00:01:51.520> there's<00:01:51.759> a
problem with inequality here because as
you've<00:01:53.920> seen<00:01:54.159> the<00:01:54.240> riches<00:01:54.560> get<00:01:54.720> richer<00:01:55.040> and
they've been using that money to push
house<00:01:57.439> prices<00:01:57.840> up<00:01:58.320> but<00:01:58.560> not<00:01:58.719> driving<00:01:59.040> the
problems with inequality in our society
let's<00:02:06.960> just<00:02:07.439> touch<00:02:07.680> on<00:02:08.000> some<00:02:08.160> of<00:02:08.319> the<00:02:08.479> the
will continue for some time however it
was<00:02:16.560> not<00:02:16.800> made<00:02:17.120> permanent<00:02:17.680> as<00:02:17.840> some<00:02:18.080> people
have called for
your<00:02:20.080> thoughts<00:02:20.400> on<00:02:20.560> that<00:02:20.800> is<00:02:21.040> that<00:02:21.280> kind<00:02:21.520> of
your thoughts on that is that kind of
good<00:02:22.400> news<00:02:22.720> in<00:02:22.800> the<00:02:22.959> interim<00:02:23.520> but<00:02:23.680> actually
we're still not really solving the
problem<00:02:26.080> here<00:02:26.319> of<00:02:26.400> being<00:02:26.640> able<00:02:26.800> to<00:02:26.959> improve
people's quality of life
yeah<00:02:29.200> there's<00:02:29.440> no<00:02:29.599> doubt<00:02:29.760> as<00:02:29.840> good<00:02:30.000> as<00:02:30.160> the
no support during this crisis because
they've<00:02:35.840> fallen<00:02:36.080> through<00:02:36.239> the<00:02:36.319> gaps<00:02:36.560> of<00:02:36.640> the
for them i mean 20 pounds a week might
not<00:02:39.920> seem<00:02:40.160> like<00:02:40.319> a<00:02:40.400> lot<00:02:40.560> to<00:02:40.959> some<00:02:41.280> people
not seem like a lot to some people
but<00:02:42.000> for<00:02:42.160> a<00:02:42.160> lot<00:02:42.319> of<00:02:42.319> people<00:02:42.560> it's<00:02:42.720> been
that the government extended it but i
think<00:02:48.319> especially<00:02:48.720> when<00:02:48.879> you<00:02:48.959> look<00:02:49.280> at<00:02:49.440> what's
think especially when you look at what's
happened<00:02:49.840> in<00:02:49.920> the<00:02:50.000> last<00:02:50.239> years<00:02:50.480> of<00:02:50.640> stock
there's a lot of people
who<00:03:01.040> are<00:03:01.120> paying<00:03:01.360> for<00:03:01.519> this<00:03:01.760> and<00:03:02.319> that<00:03:02.480> need<00:03:02.640> to
be dealt with
and<00:03:04.319> just<00:03:04.640> uh<00:03:04.879> on<00:03:05.519> um<00:03:06.000> renters<00:03:06.560> as<00:03:06.720> well<00:03:07.040> uh<00:03:07.280> you
did you see anything in today's budget
which<00:03:16.879> gave<00:03:17.200> you<00:03:17.360> hope<00:03:17.680> that<00:03:17.840> actually<00:03:18.239> life
i mean this is my concern you know the
government<00:03:25.280> has<00:03:25.360> been<00:03:25.599> forced<00:03:25.920> to<00:03:26.000> do<00:03:26.159> a<00:03:26.239> lot
it wouldn't normally support it hasn't
really<00:03:29.040> been<00:03:29.200> on<00:03:29.280> the<00:03:29.360> side<00:03:29.519> of<00:03:29.599> private
since it's been in power it's been
forced<00:03:33.040> to<00:03:33.120> provide<00:03:33.440> multiple<00:03:33.920> and<00:03:34.080> and<00:03:34.239> it's
but my concern is they're only really
doing<00:03:37.760> as<00:03:38.000> much<00:03:38.239> as<00:03:38.319> they<00:03:38.480> have<00:03:38.640> been<00:03:38.799> forced
to do
and<00:03:39.840> when<00:03:40.000> we<00:03:40.159> come<00:03:40.400> out<00:03:40.560> of<00:03:40.640> this<00:03:41.280> just<00:03:41.440> as
using policies which are going to push
house<00:03:44.799> prices<00:03:45.120> up<00:03:45.280> which<00:03:45.440> are<00:03:45.519> going<00:03:45.599> to<00:03:45.680> help
the richest in our society
when<00:03:47.360> we<00:03:47.519> come<00:03:47.680> out<00:03:47.840> of<00:03:47.920> this<00:03:48.400> they're<00:03:48.560> giving
when we come out of this they're giving
every<00:03:49.120> sign<00:03:49.280> that<00:03:49.440> they're<00:03:49.519> going<00:03:49.599> to<00:03:49.680> go<00:03:49.920> back
party and people like richard
family<00:03:55.120> who<00:03:55.360> are<00:03:55.920> very<00:03:56.159> very<00:03:56.319> wealthy<00:03:57.120> okay<00:03:57.439> uh
gary thank you gary stevenson there
former<00:03:59.840> city<00:04:00.080> trader<00:04:00.400> now<00:04:00.560> working<00:04:00.959> as<00:04:01.120> an