Alyosha ...
Re the banks again look at the time line; when Darling announced the plan to nationalise, I believe he said 'the banks cash points were going to run out of money the next day' so options were kinda limited - and Northern Rock was a cock up, the first 'run' on a UK bank for 140-years - and all bank equities were getting shorted by the likes of Hedge Funds and the government left it too late to put in curbs on 'shorting'.
Your vague reference to evidence of too much regulation I have addresses above, there was numerous calls from everyone including Blair to cut NEEDLESS regs and red tape, but Labour was in government/responsible, not the Tories.
Re homes here is the record both party's pre crash, using 18-years of Tory stats (including a bad recession in 1990) but not Labours recession starting in 2008. Also note the Barker Report commissioned, but nothing was done about it;
Taking council/social homes; using Department for Communities and Local Government (DCLC) figures, and using the full 18-year term of the last Conservative government (including a few recessions) but only the first 11-years under Labour (before the worst recession in nearly a century), the Conservatives averaged 50,761 new social housing sector homes a year, while the last Labour government averaged 24,299 per year.
Putting the decline rate in context, the new social housing sector build HIGH was 88,530 new homes in 1980 (around the time ‘Right to Buy’ was a policy) and the LOW was 130 new social homes in 2004 at the height of an immigration boom – no doubt STILL selling off Right to Buy Homes, with a resulting large NET REDUCTION of council housing stock for that year.
The (2004) Barker review: key points
www.theguardian.com/money/2004/mar/17/business.housing
“Kate Barker, a member of the monetary policy committee, was asked a year ago by Gordon Brown and the deputy prime minister John Prescott to carry out a review of the housing market in the UK.”
”She was specifically required to look at what was behind the lack of supply of housing in the UK and the inability of the housing market to respond to this. Also within her remit was the role of the house-building industry, the level of competition within it, its capacity, technology and level of finance.”
“The main findings”
• ^In 2001, around 175,000 houses were built in the UK. This was the lowest number since the second world war. Over the past 10 years, the number of new houses built has fallen and is now 12.5% lower than in the previous decade.”
• A weak supply in housing means a less stable economy. This has an impact on the flexibility of the labour market, which in turn puts a strain on economic growth.
• These pressures mean a greater divide between "haves and have-nots", driving a gulf between people who can afford housing and those who cannot. According to the review, in 2003 there were 93,000 households in temporary accommodation compared to 46,000 in 1995.
• One way to reduce the pressure on house prices is to increase the number of houses available. According to the review, a total of 70,000 new private sector houses would be needed to reduce the price trend in real house prices to 1.8%.
• To get that inflation down to 1.1%, house builders would need to get busy building an additional 120,000 private sector homes per annum.
• To make real differences to the present backlog of people in most need, along with the other recommendations, would require up to 23,000 additional social homes a year.