Editor

The recent announcement by the Senedd to build 20,000 social, ecological houses for rent is tremendous news in the current housing crisis.

That they are for rent is critical since Westminster Tory housing policy is heavily biased towards selling houses because they consider rented social housing to be a threat to their electoral base.

As Cameron said “Building council houses only creates Labour voters”, which is certainly true in Wales.

A better example of Tory hypocrisy is hard to find than Cameron’s involvement in the Greensill lobbying scandal. To understand how utterly rotten his role was the reader needs to watch The Big Short, a 2015 film about the financial crash.

That focused on Colaterised Debt Obligations (CDO), bonds that were composed of a large mixture of good, bad and indifferent mortgages, which eventually collapsed when the housing market imploded.

Greensill employed the same financial instrument, the CDO, to bundle up multiple invoices, many of dubious provenance, with the potential to create similar havoc in the financial markets.

Cameron would not have been unaware of this and his greed epitomises Tory housing policy, so abundantly clear today.

Roger Louvet Porthmadog

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