|Clegg in his leafy suburb, practising his sorry face.|
This was my initial critique, digging further past the flattering headlines I came across this great piece on the Guardian website Will Nick Clegg's 'pension for property' scheme work. It turns out that the pension providers are very sceptical about this scheme, presumably without their backing this scheme would fail. But that's not the worst thing about it......
Realistically though the Lib Dems are working on an assumption that only 12,500 people would take up the offer. Privately they say the industry suggests a range of 10,000 to 20,000. It's a tiny figure, and doesn't warrant the rather dramatic introduction from Nick Clegg on the Marr show, but better than nothing, they say. link
To put that figure in context there are a lot more people than that on the housing waiting list in Cornwall never mind throughout the UK! This is the problem with the Liberal Democrats and their Conservative chums they recognise problems but don't get even close to dealing with them. Which says a lot for the state of Nick's party, one of the great centre pieces of their conference, the great policy announcement is a half baked idea that will benefit a tiny percentage of people.