The UK government has finally laid the cards on the table with their measures to support the falling housing market. Stamp duty threshold rise, loans, and help against repossessions.
I'm not sure what to make of it, the previous housing market slump of the early to mid 90s was a factor in the Tory loss in 1997 - Labour could be thinking of that. It is probably not a good idea to overly support a market which has risen for too long and before it started looking like a slide they were always keen on seeing the market top out and fall back gently.
But this time round there is an added twist, the banks have screwed down lending - having been caught out themselves. It's probably the biggest factor here - getting a mortgage is now much harder, it does not matter that you will not get taxed on the purchase.
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