Daily Archives: January 30, 2008

Jim Pickard

Gordon Brown may come to regret today’s boast – in today’s prime minister’s questions – that Britain has "more homeowners than ever before".

Newcomers to the market are more exposed than anyone else if and when prices fall; which looks more and more likely. Especially now that banks are cutting back mortgage lending in the wake of the credit crunch.  Read more

Jim Pickard

Thanks to the Guido Fawkes blog for pointing out that Lord Hoyle is up in front of a Lords disciplinary committee today.

The Guardian first broke the story that money changed hands between Lord Hoyle (formerly Doug Hoyle, a Labour whip) and Michael Wood, a former RAF officer now working for arms companies. A meeting subsequently took place between Lord Drayson – defence minister – and Mr Wood, although accounts differ as to how this was arranged. That was in June 2005 Read more