There are other things that can be done like improving lending to small businesses, promoting new housing by limited and tapered tax relief on new builds only (or genuine change of use from industrial use) for, say, the first 20 years paid via the mortgage company. This will increase the housing stock over a sensible time and ensure that we don't end up with silly values in the future, which is one of the main problems with the UK economy.
But I doubt whether anyone is listening - too much wrapped up in their 'told-you-so' overcoats.:)