Proceeding contribution from Baroness Teather (Liberal Democrat) in the House of Commons on Thursday, 16 July 2009. It occurred during Adjournment debate on Housing and the Credit Crunch.

Housing and the Credit Crunch

Does the right hon. Gentleman recognise that many economists have been saying that although the figures may have come down in the short term, there is a worry that the long fuse of unemployment may result in repossessions later? The former chief economist of HSBC has said that there may be 100,000 repossessions come 2011 or 2012. I am afraid that the story is not over, and it would be unacceptable for us to be complacent.

Secondary information

Type: Proceeding contribution
Reference: 496 c162WH
Session: 2008-09
Chamber / Committee: Westminster Hall
Subjects: Construction Council housing Credit Housing Economic situation Low incomes Mortgages Loans Private rented housing Standards Economic recession
Link: View this Proceeding contribution on www.publications.parliament.uk

Housing and the Credit Crunch

Secondary information

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