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Redrow pleads: "Please Sir, can I have more subsidy?"

I cannot believe it was sixteen months ago that I was writing about the housebuilder Redrow (RDW), loving up the entrepreneurial fervour of the soon-to-be retiring (for a second time) founder, and observing: 'The trouble with 'help to buy' and other initiatives is that despite all the good intentions in helping younger people to get onto the housing ladder, it just deepens distortions and takes the housing market another step away from a proper market clearing level - which is why I refuse to buy/hold the sector and still remain fearful and bearish towards it.'...

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