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Welcome to Erotica: Laurie Penny on Britain’s Gulag of desire

If you had to build a prison for human pleasure, it would look like this.

You shuffle through the clinical, white foyer of the Olympia Grand Hall in Kensington and, after presenting several forms of ID to prove that you've paid the requisite £20 for your sexy times, security guards usher you into a huge iron stadium full of concession stands and bored-looking women in their scanties.

This is Erotica, "playtime for grown-ups": a festival that is billed both as Europe's "best-attended erotic event" and "a unique shopping experience" - statements that, taken together, possibly explain a great deal about western sexual dysfunction.

If you had to build a prison for human pleasure, it would look like this. Among booths selling tacky, made-in-China suspender sets and a smattering of interestingly shaped dildos are concessions for discount bathrooms and homoeopathic Viagra substitutes; towering above the entire bazaar are giant inflatable female limbs, naked torsos and amputated legs in stockings suspended from steel girders a hundred feet high.

The punters are English, bourgeois and middle-aged; the strippers onstage and in the booths are young and eastern European. They smile desperately through shrouds of fake tan. The punters, a mixture of hardcore fetishists in rubber and older couples in fleeces, clutch plastic pints of lukewarm lager as they watch the grim stage show. Strippers gyrate in nothing but thongs and a couple of England flags, a cross between a jiggle joint and an Anglo-fascist rally. In true British style, the audience claps politely while pre-recorded applause thunders over the speakers.

Damply obscene

I have lingered too long by the lube stand. A wolf-eyed salesperson in a company-branded T-shirt pounces, asking with rehearsed haste if I'd like to hear about the range of titillating products they have on offer today. Without waiting for an answer, he proceeds to test out a variety of intimate friction-reducing fluids on the backs of my hands. It's when he reaches the part about “a nice, tingly, minty sensation all over your bits" that I lose the will to live. I back away, smelling of spearmint and sensing I've been violated.

By this point, I'm starving but the only nourishment that can be had here takes the form of gigantic hotdogs: fat, grey phalluses, oozing chemical grease and waiting to be popped into polystyrene buns for a fiver. Ravenous, I buy one. It tastes rubbery and damply obscene, like an unwelcome intimate encounter. I tear into it vengefully. Behind me, the canned applause begins again.

Since puberty, I had wondered precisely what crypto-capitalism had done with desire. Like many randy young creatures, I always suspected that somewhere behind the welter of sterile posturing, the airbrushed thighs and hollow iconography of abuse, real sensuality was somewhere, straining for release. Now, I know. This is the Gulag. This is where pleasure is stripped down to its most profitable parts and flogged back to the middle classes at a profit. This is where sexuality has retreated, behind endless rails of overpriced latex. This is pleasure turned, inch by torturous inch, into work: the repetitive, piston-pumping moil of mass-produced erotic kitsch that passes for sensuality.

In a way, it's worse than work because we have to smile and pretend we're having fun. The Daily Sport girls in their booth have to smile. The rubber-clad dancers have to smile. Even the grey-faced punters have to smile, resigning themselves to a middle-age in which desire and satisfaction are gradually replaced by the purchase of more plastic tat.

At the end of the day, we all leave unsatisfied. Of course we do: if there were a single stall here where you could actually buy an orgasm, the whole edifice would collapse. It's the Gulag of desire. Nobody gets out, and nobody gets off.

Laurie Penny is a contributing editor to the New Statesman. She is the author of five books, most recently Unspeakable Things.

This article first appeared in the 29 November 2010 issue of the New Statesman, Congo

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I was wrong about Help to Buy - but I'm still glad it's gone

As a mortgage journalist in 2013, I was deeply sceptical of the guarantee scheme. 

If you just read the headlines about Help to Buy, you could be under the impression that Theresa May has just axed an important scheme for first-time buyers. If you're on the left, you might conclude that she is on a mission to make life worse for ordinary working people. If you just enjoy blue-on-blue action, it's a swipe at the Chancellor she sacked, George Osborne.

Except it's none of those things. Help to Buy mortgage guarantee scheme is a policy that actually worked pretty well - despite the concerns of financial journalists including me - and has served its purpose.

When Osborne first announced Help to Buy in 2013, it was controversial. Mortgage journalists, such as I was at the time, were still mopping up news from the financial crisis. We were still writing up reports about the toxic loan books that had brought the banks crashing down. The idea of the Government promising to bail out mortgage borrowers seemed the height of recklessness.

But the Government always intended Help to Buy mortgage guarantee to act as a stimulus, not a long-term solution. From the beginning, it had an end date - 31 December 2016. The idea was to encourage big banks to start lending again.

So far, the record of Help to Buy has been pretty good. A first-time buyer in 2013 with a 5 per cent deposit had 56 mortgage products to choose from - not much when you consider some of those products would have been ridiculously expensive or would come with many strings attached. By 2016, according to Moneyfacts, first-time buyers had 271 products to choose from, nearly a five-fold increase

Over the same period, financial regulators have introduced much tougher mortgage affordability rules. First-time buyers can be expected to be interrogated about their income, their little luxuries and how they would cope if interest rates rose (contrary to our expectations in 2013, the Bank of England base rate has actually fallen). 

A criticism that still rings true, however, is that the mortgage guarantee scheme only helps boost demand for properties, while doing nothing about the lack of housing supply. Unlike its sister scheme, the Help to Buy equity loan scheme, there is no incentive for property companies to build more homes. According to FullFact, there were just 112,000 homes being built in England and Wales in 2010. By 2015, that had increased, but only to a mere 149,000.

This lack of supply helps to prop up house prices - one of the factors making it so difficult to get on the housing ladder in the first place. In July, the average house price in England was £233,000. This means a first-time buyer with a 5 per cent deposit of £11,650 would still need to be earning nearly £50,000 to meet most mortgage affordability criteria. In other words, the Help to Buy mortgage guarantee is targeted squarely at the middle class.

The Government plans to maintain the Help to Buy equity loan scheme, which is restricted to new builds, and the Help to Buy ISA, which rewards savers at a time of low interest rates. As for Help to Buy mortgage guarantee, the scheme may be dead, but so long as high street banks are offering 95 per cent mortgages, its effects are still with us.