My favourite Private Eye cartoon of recent weeks shows a woman reading a newspaper at the breakfast table. It has a headline is about falling house prices. 'I can’t believe', she says, 'that just last week we were worrying about global warming'. Soon, we’ll begin to see whether the green domestic revolution – windmills on houses, low-energy kettles – has the resilience to withstand new and chillier economic winds; or whether it was an aspect of the good times… a way for a consumer generation, which has learnt to express itself by buying things, to show appreciation for effortlessly increasing property wealth, and give something back.

Our publisher, and his guest column, for Citywire.

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