What is the significance of the Caroline Flint document

Perhaps what is most interesting about the leak of the Caroline Flint document - apart from the incompetence that led to its appearance in the public domain - is how bland the government's "solutions" are.

After succinctly outlining the problem - 5-10 per cent drop in house prices as building stalls - does she really need to commit to paper the assertion that she is to "continue to monitor the situation".

Or that the government needs to put in place "effective measures."

Or that the "market is affected by the global credit crunch".

Comments

[Diversity]

No. This note has nothing to do with "solutions". It is all about presentation - how to take the political heat out of the issue.
To be sure, it shows no sign of knowing how, but that intention is the only clear aspect.

[Arundel]

Hmmm, do you think this 'accidental exposure' might have been deliberate?

"Government recognises market is in downturn.
There will be some people with minimal/negative equity.
Hold steady; the government will think of something."

Either that, or she's just stupid.

[Tony]

If an increase in food prices is a disaster then surely a drop in house prices must be good. Or is the current thinking all about the welfare of the "haves" as opposed to the welfare of the "have-nots".