Business quote of the day

Shelter on Help to Buy: "many people [will be] tempted to overstretch themselves before prices rise completely out of reach”.

“The result will be many people tempted to overstretch themselves before prices rise completely out of reach”
Campbell Robb, chief executive of the charity Shelter, adds his voice to critics of the Help to Buy scheme, which experts warns could be fueling another housing market bubble.

The Help to Buy scheme could be fueling another bubble. Photograph: Getty Images

Helen Roxburgh is the online editor of Economia

Getty
Show Hide image

Tony Blair won't endorse the Labour leader - Jeremy Corbyn's fans are celebrating

The thrice-elected Prime Minister is no fan of the new Labour leader. 

Labour heavyweights usually support each other - at least in public. But the former Prime Minister Tony Blair couldn't bring himself to do so when asked on Sky News.

He dodged the question of whether the current Labour leader was the best person to lead the country, instead urging voters not to give Theresa May a "blank cheque". 

If this seems shocking, it's worth remembering that Corbyn refused to say whether he would pick "Trotskyism or Blairism" during the Labour leadership campaign. Corbyn was after all behind the Stop the War Coalition, which opposed Blair's decision to join the invasion of Iraq. 

For some Corbyn supporters, it seems that there couldn't be a greater boon than the thrice-elected PM witholding his endorsement in a critical general election. 

Julia Rampen is the digital news editor of the New Statesman (previously editor of The Staggers, The New Statesman's online rolling politics blog). She has also been deputy editor at Mirror Money Online and has worked as a financial journalist for several trade magazines. 

0800 7318496