The following letter, from PHA member Paul Nicolson, was published in the Guardian this morning: Housing policy represents another lack of strategy in the Queen’s speech (Editorial, 10 May). A combination of housing benefit caps, cuts and the rising prices and rents of a home will inflict ever increasing pain on Londoners. The Royal Institution of Chartered Surveyors tells us that house prices are falling everywhere except London, and Rightmove says optimistic sellers in the capital have driven asking prices nationally above their 2008 peak. Rents in London are being driven above the caps by a global free market which sees London property as a triple-A-rated safe haven for spare cash. Saif al-Islam Gaddafi, the son of the Libyan leader, was planning to make more than half a million pounds a year renting out his home in north London. The coalition, with almost total silence from the opposition, has told Londoners to get on a housing ladder that is more like a moving staircase coming down, until the poorest are shunted off the bottom to who knows where as rents overtake caps. In the 1960s, many families were moved from the East End into new towns with newly built homes.