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The hedge of reason

Tory grandee and chief executive of retailer Next, Simon Wolfson, has certainly put the cat amongst the pigeons with his decision to award this year鈥檚 Wolfson Economics Prize to the best idea for a garden city. The prize has attracted almost 300 submissions. Insiders say the level of interest is mainly due to the fact that winning the prize, which as well as being launched by a Tory lord is also being administered by favoured Conservative Party think-tank Policy Exchange, is seen as a kind of proxy for official government support. However, it appears the decision to delay the short-listing for the prize from April to June has ruffled the feathers of some of the bidders 鈥� who will now have half the time to prepare their final submissions if they get through to the second stage. Given that the 拢250,000 prize is announced in September they are wondering if they鈥檒l be able to work up high quality final bids. One disgruntled competitor said: 鈥淚t鈥檚 a big complication, but I guess we have to live with it.鈥� You know what they say 鈥� in for a penny, in for a pound 鈥�

Through the roof

Even property developers and investors now say parts of the UK residential market are over-heating. Last week UK clients Legal & General and Grosvenor - both firms that ostensibly stand to gain from a housing boom - cautioned the market had got a bit too crazy even for their liking. Legal & General said housing 鈥渨ill become the biggest driver of inequality in the UK鈥� and called for a massive boost in affordable housing supply, while Grosvenor reduced its exposure to London鈥檚 high-end residential market in favour of developing mid-market schemes. Even the professional body for estate agents, the RICS, has been warning of a potential housing bubble for months. It increasingly seems like the only people left with their heads in the sand are Conservative politicians.

.build boom?

Anyone who has tried to register a
.com or .co.uk domain name will know most of the conceivable and comprehensible web addresses have already been taken. So perhaps it will be a relief for some to hear an alternative is at hand. You or your company could now be the proud owner of a .build domain name, launched for businesses and individuals working in the construction industry. So, for instance, if your company was called Sonia Surveyors, you could register soniasurveyors.build. Catchy, hey? I don鈥檛 think it will work for this magazine, though, www.building.build would frankly be overkill.

Lack of chemistry

How did you spend Valentines鈥� Day this year? One of the year鈥檚 most or least romantic days, depending on your point of view, could have been improved immeasurably if you had taken part in a love-struck competition by chemical water treatment manufacturer Fernox. Yes that鈥檚 right, nothing says love more than some aggressive cleaning products for central heating systems. Fernox asked its customers to come up with a 鈥渨itty and creative鈥� slogan as to why they 鈥淗eart Fernox鈥�, for a chance to win 拢2,000 of holiday vouchers. The winning entry was this heartfelt message: 鈥淟ongevity. Outstanding. Value. Excellence. (Love) Not only on Valentines鈥� Day but every day.鈥� I can鈥檛 tell if it鈥檚 the slogan or the chemical fumes, but pass me the sick bucket quickly please!