EU Referendum debate. Sixth-Form stuff from George and Jeremy writes Clive Lavelle of the English Democrats.

Clive Lavelle of the English Democrats kindly sent me the text of a letter he  submitted to the Western Daily Press around the 23rd of May.  However, I am not sure if it was published in the paper's letters column.  Be that as it may, the full text is below.

In the last few days we have heard George Osborne, a mouthpiece for Project Fear, tell us that house prices will fall if we leave the E.U. At the same time, Jeremy Corbyn's Labour Party has been bleating about "skyrocketing" rents. These gentlemen are supposed to be experts in economics. What they are talking about is Sixth-Form stuff.

It's called "Supply and Demand", George. Prices rise if demand rises. Prices rise if supply falls. In the case of housing, both have happened simultaneously. The result is the ludicrous escalation in house-prices, seen over many a long year. The shortage of supply is down to too few houses being built. The increase in demand is down to the third of a million continental Europeans, arriving in England every year.

So, you see, George, if we leave the E.U., we can prevent all these E.U. migrants from creating unsustainable increased demand for housing. This will, in turn, reduce prices; great for first-time buyers, not so good for wealthy multiple property-owners.

Now, for the benefit of Jeremy, rents tend to increase in line with property values. "Skyrocketing" rents are down to E.U. migrant-fuelled skyrocketing house-prices. You can't have your penny and your bun, Jeremy. It's either "leave the E.U." or continue with escalating house-prices and rents. Take your pick.