HIP fiasco

The HIP fiasco continues. This half baked piece of legislation was "delayed" just days before due to come into effect.

This has already led to a flood of property onto the market at short notice. This will change the nature of the supply and demand. While it will take months to come through in official figures this risks undermining prices. The data for prices will not be comparable and this inturn risks the MPC ignoring figures it doesn't like.

The government is facing legal action from the poor sods who spent thousands training up.

There is also the suggestion that the inspectors will not complete their courses. This would mean the HIPs can never be introduced as there aren't the inspectors.