The number of repossessions soared to a 14-year high last year as the recession battered Britain, new figures showed today.Around 46,000 people lose their homes throughout 2009, the highest level since 1995 and a massive 15 per cent rise on the previous year.
Each case of repossession has its reasons. The loss of employment, living a lifestyle beyond "ones means" or as a result of relationship breakdowns. From such, some need sympathy whilst others require none. All this means are a load of houses will fall into the hands of landlords and speculators at knock down prices. Many will be left empty ready for a second cash-in when the next boom arrives. The criminals of 2008 who stole jobs, jacked up prices, taxes and kept interest rates high are to blame by pushing people over the edge.
Yellow streak Brown introduced a scheme to save people from from having their homes repossessed. Without it the situation would be worse, says he cynically! When I last heard this scheme had rescued a very few homes.
I would like to see a public enquiry as to why this national scheme rescued so few homes. I suspect that the paperwork was so onerous that hardly anyone managed to take advantage of it.Yet all this is happening despite the governments help, and the interest rates being kept at it's lowest ever rate. This in my opinion has only given people the idea that they are better off than they really are, and I might add at the expense of the prudent savers in our society like myself.
So despite yellow streak Brown's empty words, and promises of "we will not let the same thing happen as did under the last recession", he has once again lied to us all?
I would like to see a public enquiry as to why this national scheme rescued so few homes. I suspect that the paperwork was so onerous that hardly anyone managed to take advantage of it.Yet all this is happening despite the governments help, and the interest rates being kept at it's lowest ever rate. This in my opinion has only given people the idea that they are better off than they really are, and I might add at the expense of the prudent savers in our society like myself.
So despite yellow streak Brown's empty words, and promises of "we will not let the same thing happen as did under the last recession", he has once again lied to us all?
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