Mortgage Help From The Taxpayer!

December 3, 2008

This came as somewhat of a surprise. Not previously mentioned in the Pre-Budget Report, or ‘leaked’ by Brown’s googly delivering spinners, or given as an exclusive to the Daily Mirror, but actually announced in the House of Commons! Could it be that the PM seeing the lack of enthusiasm for the measures in the PBR has been forced to randomly announce another policy, or has he been taken aback at the potential 75 000 homes likely to be repossessed next year with another 200,000 homeowners expected to be at least three months in arrears by the end of 2008?

As the PM doesn’t know how bad the recession is likely to be, he obviously doesn’t know how many people are likely to take up this offer of help and what it is likely to cost. I suppose when he is borrowing whatever he feels like with no care for how it will be paid back, another pledge supported by borrowing to him is no big deal.

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Queen’s Speech

December 3, 2008

A very short speech with only 12 bills plus two old ones and nothing very exciting or radical to catch the eye. But as always we have another Immigration Bill to support Government rhetoric of being tough on illegal immigration!

Could the reduced number of bills hint at an early election with Labour MP’s being given as much time as possible to spend in their constituencies and away from Westminster? The speech will be in any event overshadowed by the Speaker’s statement to MP’s on the Damian Green arrest which will be live blogged at Conserativehome. And to ensure this matter becomes partisan, the Dark Lord has entered into the fray with his customary and accusatory comments.