Gordon Brown's great mortgage support scheme

This scheme has had me puzzling for over a day now. If you have a mortgage of between £200,000 and £400,000 then chances are you are earning over £50,000 a year on most sensible mortgage multiples. If this is the case then chances are you have some savings and that those savings would be boosted to over £16,000 by any redundancy payments.

These being the case, I can only think of one group of people who might stand to benefit from this scheme. It's a group of individuals who are paid between £60,000 and £150,000 and who might be losing their jobs some time between now and May 2010. That group is Labour MPs, is this scheme really a way of Gordon Brown ensuring that his MPs get support from the taxpayer even after they lose their seats.

Is this package in fact there to support such as Ed Balls? Well allegedly that is what Ed Balls' job at the Smith Institute was all about, so who knows.