Labour's Action To Support Homeowners is Working
Issue>
- The latest figures on home repossessions are published today.
Key points
- The rate of repossessions is half that of the last recession. This shows Labour's action to support homeowners is working. The Tories opposed our extra help and now they threaten to choke off recovery.
- We have put support for homeowners, and people losing their jobs, at the heart of our response to the recession. Thanks to our action, the rate of repossessions is half that of the last recession.
- The main reason homes are repossessed is through the loss of a job. We have invested an extra £5 billion to get people back to work, and unemployment is now 450,000 lower than predicted at the time of last year's Budget. Plus, 300,000 people have received advice and assistance with mortgage payments.
- The Tories opposed our action to help families, homeowners and businesses through the recession. Now they threaten to choke off recovery by cutting support now.
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