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Cooper retains housing ministry

Yvette Cooper has retained her position of housing minister as Prime Minister Gordon Brown conducts a major cabinet reshuffle.

Cooper will not only retain her position, but will also be privy to Cabinet meetings.

Cooper has been under fire recently, being partly blamed for the government’s Home Information Pack debacle, but has weathered the storm. Her ally, Ruth Kelly, was not so lucky – Hazel Blears has replaced her as secretary of state for Communities and Local Government.

Jim Gillespie, chairman of the Home Inspectors Organisation, thinks Cooper’s continued presence is a sign that HIPs, of which she has been championing, will continue to be part of the new government’s plans.

He says: “This is a positive move by Brown where HIPs are concerned. If he wanted to scrap them then he would have pushed Cooper into the long grass, but retaining her is a signal to the industry that he believes in HIPs and they will be going forward.”


Household debt highest in 10 years, say Lib Dems

Households are paying more of their income servicing their debts than at any point in the last decade, the Liberal Democrats Party warns.The party says personal debt, as a proportion of income, has risen from 105% in 1997 to 164% last year, the highest ever recorded and the highest in the developed world. And the […]

Mortgage world left high and wet by flood

Members of the mortgage industry were left high and wet this week as freak flooding hit parts of the UK.Leeds-based Julian Wells, outgoing head of marketing at Mortgages PLC, says: “I had to bail water out of my garden to stop the house flooding.”Workers at Abbey’s call centre in Leeds were also hit by the […] asserts impartiality has fended off criticism about the impartiality of its best-buy tables after Kent Reliance called for price comparison sites to be regulated.Mike Lazenby, chief executive of Kent Relliance, says: “The size of the flotation, which is thought to be worth £1bn, highlights the power and financial muscle of these so-called best buy table providers.“However, […]

Market slowing, say experts

Lending in May reached re-cord highs but lending trade bodies still say the housing market is slowing down.The Council of Mortgage Lenders says gross lending reached a new May record of £30.6bn.This is up by 12% on April’s figure and up 5% compared with the same month in 2006, when lending hit £29bn.The Building Societies […]


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