Is Brown’s housing plan too late?

With Britain’s two largest mortgage lenders now in agreement that the fall in British house prices has reached double digits, many are wondering whether the government’s rescue package is simply too little, too late.

6th September, 2008

With Britain’s two largest mortgage lenders now in agreement that the fall in British house prices has reached double digits, many are wondering whether the government’s rescue package is simply too little, too late.

Confidence in the economy and the property market, which is struggling in the context of the world’s credit crunch and the weakening of sterling, was not helped by comments from chancellor Alistair Darling last week that Britain...

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