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“A truly moronic policy”

Business quote of the day.

New Statesman
Photograph: Getty Images

“A truly moronic policy”
 
Societe Generale's Albert Edwards offers his opinion on the Chancellor’s Help to Buy housing scheme, which made him "genuinely really angry".
 
“I believe it truly is a moronic policy that stands head and shoulders above most of the stupid economic policies I have seen implemented during my 30 years in this business. It ranks above some of Alan Greenspan's very worst blunders”