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Watching the housing bubble with ever increasing interest

Sorry, but I just can’t share in the enthusiasm for the rebound in Scottish house prices or the return of bumper bank profits which underpin it.

Is it sensible for a city such as Edinburgh, so dependent on public services and bank subsidies, to be growing its very own housing bubble on the eve of the biggest cuts in public spending in British history? Cuts that will lead to many thousands of job losses.