Nationwide saves the dinner party from extinction

There was a gasp of appreciation and excitement this morning from the UK’s middling classes as the realisation that at last, we’ll have something to talk about at dinner!

For the past 12 months up and down the land at the gatherings of suburbanites, around the offerings of Marks and Spencer’s or Waitrose people have been left almost dumbstruck due to the rapid decline in house prices.

Without the obligatory chatter about how much our house or property portfolio was worth, compared to this time last year, last month, week, or hour, candle lit suppers had lost their sparkle. We were for the longest time, left with conversations based upon nothing other than our inability to fathom just how a mortgage backed security that was used to leverage or offset a derivate risk in the US, could cause RBS to loose huge value from its off balance sheet lending, which then lead to the downfall of dear old Bradford and Bingley. This less than riveting chit chat has led to less and less invitations to come and dine at number 74 Acacia or indeed Blossom Avenue and the dinner party was put well and truly on the endangered species list.

Well good news, we can all rest assured that that our usual keeping up with the Jonse’s discourse is likely to return any time soon thanks to Nationwide’s announcement that house prices are back on the up.

Phew! I’ll put the Mateus Rose on ice and see if the Hyacinth is available.

David McCann
Planning Director