In just seven working days the politicians at the top of the government managed to nearly bankrupt large swathes of the pensions industry, dislocate the mortgage market and halve new build sales rates.

This year most large housebuilder shares have more than halved in value as cost pressures, materials and labour shortages, and a gradual increase in mortgage rates, pointed to a less profitable short-term future, all rounded off by the lunacy of the last few weeks.

The housing market is now chaotic.