Friday, 11 December 2009

The fanfares were premature

The Daily Telegraph yesterday reported that the much vaunted government "Homeowner Mortgage Support Scheme" which exists to help people struggling to stay in their homes in the present economic difficulties, has met with a little success.

The success is represented by the 15 families it has so far helped after almost a year.

This, despite repossessions increasing, to one per 1,000 households, and in September 270,00 owners fat least three months in arrears.

NuLabour are good at publicising what they are thinking of doing, but somehow it doesn't work out as promised.

The Chancellor didn't mention the scheme in his PBR this week Anyone know a good day to bury bad news?

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