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Welsh Housing Woes

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Rising unemployment in Wales is causing serious affordability problems in the principality's property market, one local MP has warned.

According to Jenny Willot, the MP for Cardiff Central, an increasing number of young people in Wales are finding themselves in financial difficulty because they are unable to find work, making them even less able to afford to buy their first home.

Ms Willot was reacting to figures released recently by the Office of National Statistics, showing that unemployment in Wales has increased by 18 per cent in the last year alone.

"Personal debt in Wales increases by £18m a day," she said.

"House prices are in Wales are rising well above the UK average and mortgage affordability is at a record 16-year low.

"[The] failure to combat rising personal debt, build affordable houses and generate sustainable job growth in Wales will result in many more falling into financial ruin."

There is also the concern that the worsening financial situation of many families could lead to difficulties in making mortgage repayments -particularly in light of the recent increase in interest rates to 5.5 per cent.

Source: Mform

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Jenny Willott is a late 20something politico who went straight from university to a job in politics, to winning Cardiff central for the libdems in 2005. Like so many of the new breed of lab/tory/libdem 'politicians' she has no experience of working at a real job. As such, most that issues from her mouth is bullmud.

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The Welsh are good for one thing and one thing only.


4ck the men out of their pensions and 4ck the women full stop.

Not my words, the words of David Lloyd George. A Welsh Prime Minister.

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