Labour And Affordable Mortgages

Two million people in Britain will come off cheap fixed-rate deals this year. With the global credit crunch, people will struggle to get another affordable mortgage. We will have a long-term social problem if people are made homeless as a result.

So, what is Labour doing about it?

Not much.

So not much, in fact, that George Mudie, a former Labour Party whip, and Gordon Brown ally, isn't happy about the government on the issue.

"Their answer to any problem is 'This is the most stable economy we have had in our history.' Well, fine, but that is history. I always quote Lloyd George: 'You can't feed the hungry on statistics of national prosperity'."