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Labour's "HOUSING TONIC" is IRRESPONSIBLE and OUT OF TOUCH
05 September 2008
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Lib Dems in Reading have slammed the rescue package for at-risk homeowners as offering nothing for Reading residents struggling to make mortgage repayments - and have said it could make things worse for local people.
Patrick Murray, Liberal Democrat Parliamentary campaigner for Reading West, commented:
"These measures are quite deeply irresponsible. Encouraging first-time buyers at a time when house prices are still falling risks plunging people into negative equity. Not that many people in Reading will benefit from the proposals on stamp duty - very few properties in Reading cost under £175,000, and the changes will have no effect at all on other housebuyers because of the way stamp duty works."
Cllr Gareth Epps, Liberal Democrat Parliamentary campaigner for Reading East, commented:
"Gordon Brown and the Labour Party have again shown how deeply out of touch they are. The first priority has got to be to take measures to stop the rising ride of mortgage repossessions, which we have revealed are going up in Reading. Other measures include examining a windfall tax on utilities companies, and reforming Stamp Duty to abolish the 'slab structure'. This would make a difference to the housing market."
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