UK Mortgage Debt / GDP Ratio Worse than U.S.

“I will not allow house prices to get out of control and put at risk the sustainability of the recovery.”
Gordon Brown, 1997 Budget Statement.

Gordon repeatedly tells us that Britain will weather the global financial turbulence better than America. The Bank of England projects that over a million homeowners could face negative equity in the widely expected property market downturn. The data above shows that British homeowners are more indebted than even Americans…

The National Association of Estate Agents reports that house sales and mortgage approvals have halved. First time buyers are an increasing rarity, below the asking price deals more common, properties are taking longer to sell and the number of buyers on agents books is down by a third. And Gordon still condemns the Tories for proposing to effectively remove first time buyers from paying stamp duty…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Ed Miliband goes studs in on Theresa May:

“When PM says “nothing has changed” she is lying. If she lies about this what else?”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

Sneering Thornberry Sneering Thornberry
Ministers Wheeled Out to Defend Ditched Care Policy Ministers Wheeled Out to Defend Ditched Care Policy
Watch: Crick Roasts “Weak and Wobbly” May Watch: Crick Roasts “Weak and Wobbly” May
Protester Arrested at May Wrexham Visit Protester Arrested at May Wrexham Visit
Clegg Spinning Brexit Doom Report Clegg Spinning Brexit Doom Report
Sunday Shows Sunday Shows
Read Tory Manifesto In Full Read Tory Manifesto In Full
Green Leaders Cringe Skit Green Leaders Cringe Skit
Never Ending Tory Deficit Reduction Horizon Never Ending Tory Deficit Reduction Horizon
LibDem Collapse Explained LibDem Collapse Explained
Taxpayers’ Alliance Updates Iconic Tory Poster Taxpayers’ Alliance Updates Iconic Tory Poster
Cult of Corbyn Cult of Corbyn
“Labour is Chocolate Gateau: Too Much Makes You Sick” “Labour is Chocolate Gateau: Too Much Makes You Sick”
Labour Election Broadcast Star’s “Tax Efficient” Accounting Labour Election Broadcast Star’s “Tax Efficient” Accounting
Reporter Grabs Boob Live on BBC Reporter Grabs Boob Live on BBC
Liar Clegg Brillo’d Liar Clegg Brillo’d
Listen: Was McDonnell Handed Deficit Note? Listen: Was McDonnell Handed Deficit Note?