Owning your own home

Really, how much of the economy will get motoring when people are saving £15k in cash on their house purchases? Will they immediately go and spend it in WH Smith and Dixons?

It’s not that, it’s to keep people moving when otherwise they might stay put. When people stop buying houses, house prices fall which makes a lot of people feel poorer so they stop spending. One thing I’ve learned over the years is that governments will do almost anything to stop house prices from falling in nominal terms.

Plus people who move house then often start spending on building work, decorating, new furniture...