I wonder if Labour are beginning to regret their hubris?
The number of people who lose their homes because they can no longer pay the mortgage is expected to rise by 67% by the end of next year.
The Council of Mortgage Lenders (CML) said today that repossessions will rise from 45,000 this year to 75,000 by the end of 2009.
It also said the number of homeowners falling more than three months behind with their mortgage repayments will more than double to 500,000 households.
I think this is going to make the 90s look like a walk in the park.
4 comments:
Can we have some South Korean-style democracy?
http://www.telegraph.co.uk/news/worldnews/asia/southkorea/3832972/South-Korean-politicians-use-fire-extinguishers-against-opposition.html
The Penguin
I think it will make the 1930s look like a picnic.
I knew it was bad when I saw the local branch of Millets doing 'buy to let' on their Eurohike range
Chrysippus "Millets doing 'buy to let' on their Eurohike range."
Top Post ! Made my day LOLS.
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