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The UK mortgage market is facing a huge overhaul of red tape. This week the Financial Services Authority (FSA) set out its proposals for major reforms of the UK mortgage market. And in the process it showed a distinct lack of understanding of how the market actually works and what would help or hinder borrowers. It [...] Gordon Brown was accused last night of misleading the Commons after leaked Treasury papers disclosed unpublished government plans to cut spending by £36 billion a year by 2014. David Cameron said that while Mr Brown was accusing the Conservatives of planning cuts of 10 per cent, and insisting that he did not want to do the [...] The Labour government and central bankers must take the blame for the financial crisis – not bankers, investors and others in the market, according to a new study. The Bank of England has a whole variety of counter-cyclical policies it could have used to avert the crisis, say economists. In a comprehensive analysis of the causes for [...] The unprecedented burden of public debt built up by Gordon Brown will not be brought under control for nearly a quarter of a century, economists have said. ”Debt freedom day”, when the national debt returns to sustainable levels, will not be reached until 2032 – another 23 years away, the respected Institute for Fiscal Studies said. Families [...] Alistair Darling’s 2009 Budget has been derided as a stew of unrealistic forecasts and missed opportunities, after the labour Chancellor conceded the current slump is comparable with the Great Depression but insisted it would be over by Christmas. Mr Darling cemented his reputation as the Chancellor with the worst forecasting record in modern history after he [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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