Oh I laughed at this one, see our Yvette is waxing on about poor folk who in hard times face losing their (or rather the place they see as theirs but until its paid off belongs to the bank) home.
Thats the same Mrs Ed Balls who along with her husband had been accused of using the £24,000 second home allowance given to MP's to pay for a modest £655,000 home in North London. Now with a £24K allowance coming in each, Mr & Mrs Ed Balls need not fear losing their modest abode any time soon.
Nice to see our taxpayers money helping support chamapigne socialists, but back to the repossessions.
Following predictions that 2 million homeowners will fall into negative equity, Yvette Cooper, the chief secretary to Treasury, pledged the Government would act to prevent tens of thousands of people from losing their homes.
The Government has injected billions of pounds of taxpayers' money into some of the country's biggest banks as a result of the financial crisis, prompting some to suggest that repossessions should be suspended entirely.
"We need a more responsible approach to repossessions," Ms Cooper said.
Oh and maybe she should have a word with Northern (C)Rock who are owned by HM Govt, the same government that Mrs Ed Balls works for. They are one of the worst offenders for throwing folk out of homes for falling behind with payments.
Yvette said: "What we are looking at is something looking much more widely at all of the banks, because I think repossession needs to be lot rarer. We need to do everything that we can to keep people in their own homes.
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