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Lib Dems lash out at Brown’s rescue plan

The Liberal Democrats say today’s mortgage rescue package is “too little too late” when it comes to helping struggling borrowers.

The party has published its own package of proposals designed to help people left struggling by the credit crunch.

Last week the Lib Dems unveiled their proposals which include tax cuts for low and middle income households, stopping unnecessary repossessions and moves to stop “reckless banks jeopardising economic security”.

Nick Clegg, lead of the Lib Dems, says: “Gordon Brown has produced a plan to save his job, not help people struggling with the credit crunch.

“The government’s response is to try to bribe people into buying houses in a falling market. The last thing vulnerable first-time buyers need is Brown sucking them straight into negative equity with the housing market in free-fall.

“The Lib Dems have consistently called for more help for those threatened with repossession, cutting energy bills and stopping irresponsible behaviour by banks. It is a pity that Brown only wakes up to the problem when his own job is under threat.”


Brokers urged to check debt firms

Debt solutions firm is calling on brokers to research the companies they refer clients to for debt advice.

Bank of England Base Rate held at 5%

Once again the Bank of England has shown caution, a reluctance to make
the rate cut that is urgently needed because of its strict remit to
control inflation.

Don’t believe the hype about a crash

Headlines are designed to catch the eye and draw readers into the story. By definition they are sensationalist to arouse interest. But the danger is that readers who simply scan the headlines will get the wrong impression about what is happening.


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