There is something dreadfully inadequate about “austerity” (although if people think they have experienced the real thing here, they should go and live in Greece or Spain). There is something awry with a society in which wages are only now rising in real terms after seven years of stagnation. There is something rotten about the chief executive of a high street bank (HSBC) being a “non-dom” in the country where he was born and in which he works. And who could blame young people, unable to get their feet on the housing ladder, if they grabbed any actual ladders lying to hand, climbed into all those empty London properties owned by absentee Russians, and squatted there?
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