Wilde won't be happy with the pre-budget

[Mole]

Many had thought that the governement would embark on a programme of affordable house building while land is cheap to kick start the building trade, but sadly for Wilde (lol) property developers have been left fuming by the pre-budget's lack of help. Vince Cable in his assessment of the pre-budget said:

 

"I welcome some of the Government's comments on public investment, particularly on housing, but let us just consider the status of the Government's commitment on housing, with their £700 million programme of social housing. The Government have a once-in-a-lifetime opportunity. Land is available very cheaply in the current market, and they could make a programme of large-scale social housing construction, meeting housing need and providing employment in the construction industry, but despite the rhetoric and the promises, virtually nothing is currently happening. It is not happening because the housing associations are loaded with bad debt that they acquired in dodgy deals with developers, and the Treasury is blocking any fundamental reform in the housing subsidy system. Nothing is happening."

 

As Merlion is an affordable housing business i think todays pre-budget diminishes the chances of Wilde being in a position to increase his shareholding in SLH PLC.