House Prices

The economy teeters even closer to the edge, the Mail reports that "Nearly a million families are struggling to pay off their mortgages, an alarming report has revealed. Another 1.8million people say they have hit problems "at least occasionally". Soaring interest rates have lifted homeowners' annual mortgage payments by a total of £3.6billion in the past year, the Bank of England survey shows. The picture is expected to worsen as the global credit crunch prompts banks to tighten the supply of money even further to shore up their own finances. This could push more households to the brink, leading to record insolvency rates over the next two years, experts warn. The housing market and the broader economy are expected to suffer a sharp downturn."

An end to boom and bust, Gordon; my how you will regret ever making that claim you fat fucked-up fraud.