John Prescott, the former deputy prime minister, has accused Britain's "greedy" banks and building societies of destabilising the economy by fuelling the boom in house prices over the last 10 years.

In an interview with Property Week published today, Prescott said the UK banks had abused the benign economy conditions of the last decade.

So what was he doing for the last 5 years while this was happening? He was coming up with flawed shared ownership schemes and so-called affordable £60,000 homes that are now selling for £175,000. 

To think we once believed Gordon Brown when he said he "would not let house prices get out of control". Instead they self congratulated, screwed, binged and puked while the options of home buyers got fewer and fewer.