If it’s not an emerging market – keep your money in the bank… unless of course that bank happens to be in America.

Three million new homes by 2020? Absolutely no chance. Here’s why Gordon is crippling the housing industry. Owners of luxury flats mugged by their drug-addled neighbors, building plans altered to save crayfish and scraps of old wallpaper, developer’s cash siphoned off to help struggling sculptors, a planning process that is slow, creaky, unpredictable and bizarre.