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"Once, British politicians promised to keep property prices low. Now, homeowners expect the value of their houses to move ever upwards. Are Westminster governments of whichever party now obliged to let house prices always rise?
"In 1966 the Conservative party manifesto made a promise. A Tory government would 'get the houses up, and keep the prices down'.
"... And yet the idea that either a Conservative or Labour government would pledge to hold down prices today would be regarded by virtually everyone as far-fetched."