Additional help for those struggling with
In yesterday’s Budget address to the House of Commons, he pledged to tackle repossession brought about as a result of the economic downturn.
“One of the biggest fears when people lose their jobs is that they and their family will also lose their homes,” Mr Darling remarked.
He announced that the Support for
And he revealed that government-backed
Fionnuala Earley, chief economist for Nationwide, noted that the move should “add some liquidity to the market”.
But alone it will only make a “limited difference” to lending activity, she added.