Sponsored by
Mortgage misery
WHEN the economy slows down, confidence is one of the key factors in determining when the nation's financial fortunes recover. The grave concerns that families have for their future have reached the point where they could become a major threat to Britain's future well-being.
Nowhere is this collapse in confidence clearer than in the stagnant housing market where falling values, and record low numbers of mortgage approvals, are feeding off each other with potentially ruinous repercussions.
This is where political leadership can make a difference as the cost of living soars upwards.
Alistair Darling may not be able to influence the price of oil, or increase public spending because of his government's profligacy,
but he could do more to bolster confidence.
Idle rhetoric about the strength of the economy is not enough. The Government must be seen to act, from engaging with lenders on safeguards against mass home repossessions to relieving the regulatory burden on business in order to reduce the threat of redundancies.
In other words, the Chancellor needs to offer families some light at the end of the tunnel.
Email to a friend
Print this page- Three-inch blanket of snow heading our way today
- Alan Shearer in list of favourites for Leeds and England jobs: Latest odds
- Barnsley’s Keith Hill invokes Fawlty Towers over link with Leeds job
- McCormack feels United search can be narrowed down
- Redfearn throws down gauntlet as queue builds at Elland Road
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Yorkshire
Saturday 11 February 2012
Today
Sunny spells
Temperature: -2 C to 0 C
Wind Speed: 8 mph
Wind direction: South
Tomorrow
Cloudy
Temperature: 2 C to 5 C
Wind Speed: 8 mph
Wind direction: North west
