The Telegraph reports that, speaking at the Conservative Party Conference, Liz Truss, the chief secretary to the Treasury, said that nimbys who block housebuilding are causing young people who cannot afford homes to vote Labour. The paper quotes Truss saying: "I think it is wrong for nimbys who own houses to be stopping new developments which could benefit the next generation. My argument would be having attractive and reasonable development in your area, and enabling your children and your grandchildren to buy homes, is going to be much better than having a Labour government run by a socialist crazed individual who wants to appropriate property".
Guardian columnist Dawn Foster says that "capitalism is in crisis, and housing is the focus of people’s growing fury". Foster says that the "endurance and severity of the housing crisis" is pushing people to "radical positions and ideas". She writes: "Our politicians should be far more radical, given how swiftly people are tiring of profit being put before people. The public mood is ripe for a complete overhaul of the housing market, as the foundations of capitalism look dangerously weak".
The Financial Times (subscription) reports that "the property market in the North overtook London as the worst performing in the UK during the third quarter of the year, as price falls in the capital moderated after a sharp decline in the previous three month period". The paper says that "house prices in the North dropped 1.7 per cent in the three months to September from the same quarter a year ago, data from Nationwide showed, compared to a 1.6 per cent year-on-year rise in the region during the second quarter of the year". In London, meanwhile, "prices dropped less abruptly than in the previous quarter, however, with the decline slowing to 0.7 per cent in the third quarter, after a 1.9 per cent decline in the previous three months", the paper says.
The Telegraph reports that the chairman of an organisation that puts up blue plaques on buildings with links to famous figures has said there are "far too many of them". The paper says that "Mike Read, the former Radio 1 DJ and head of the British Plaque Trust, said some are erected at spots that have only a fleeting connection to the famous person in question". It quotes Read saying: "There are too many. There are about 50 for Dickens … and Tolkien has quite a few. I’m a bit against that. There’s one to Tolkien where he stayed for two nights. That’s nonsense."