Friday, February 20, 2009
Brown says “Don’t worry you little heads” and all the homeowners sigh in relief
Measures to tackle rising repossession levels will have an impact on homeowners, Prime Minister Gordon Brown said. Figures released by mortgage lenders indicate these went up by more than half last year. But Mr Brown insisted the Government is pulling out all the stops to ensure repossessions do not become as prominent in the current recession as in previous slumps. "We're going to do everything we can to stop repossessions," he said on a visit to his Fife constituency. "We're determined that this will not become as high a feature as it has been in previous downturns in the country. The measures we're putting in place are coming in and I believe that we will be able to see an impact on the rate of repossession."