If you borrow £100 and don’t pay it back, prepare for the Wrath of the Titans to descend upon you. If you’re a big business and borrow a few £ms, the banks will fall over themselves to ‘restructure’ your debt if you get into trouble. Try to invest £2,000 into an ISA and you’ll have to jump through all sorts of hoops to prove you’re not a money-launderer. Buy a street of houses in Belgravia or, say, a football club and you’re cash is welcomed with open arms. Not the case, it seems, in the land of secret banking, numbered accounts, cuckoo clocks and Toblerone. Perhaps the times they are a changing’…
“How can lifelong renting be made more compatible with retirement saving?”
Here’s a future problem that will doubtless be kicked down the road until it becomes a crisis. There’s a whole generation who may never be able to afford to buy their own homes.