Treasury predicts housing market slowdown

Do you remember Gordon Brown's recent promise in the Sun that "GORDON Brown today gives Britain his personal guarantee he will save the nation from financial meltdown....“My guarantee to the British people is that we will hold on to stability in these latest tough times.""

This is at odds with this news that "The Government now calculates that it will make £800 million less from stamp duty this year than it previously forecast, because of a slump in number of people buying and selling property. The admission - in footnotes to this month's Budget - is the most official recognition yet that the credit crunch is deterring people from moving home."


So was that another worthless Gordon Brown promise?