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Just when many analysts had come to terms with the 3.5% rise in retail sales in May and the fact this did not seem correct, June has seen a fall of 3.9% in sales – the worst fall in 22 years. The...
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Thursday 10th April 2008
The introduction of small grants for first time buyers has been dubbed tokenistic by the Liberal Democrats.
Housing minister Caroline Flint and Gordon Brown announced this week that £3 million of public money will be made available to first time buyers – equating a grant of £1,500 for 2,000 people.
The money is intended to help them to afford to furnish their homes and to meet solicitor's fees.
Responding to the announcement Julia Goldsworthy, shadow communities and local government secretary, said that the scheme was "tokenism of the worst kind" and said that it failed to address the actual problems facing first time buyers.
She commented: "The credit crunch is preventing many people from getting a mortgage they can afford, not the worry about solicitors' fees.
"The government has already spent £350 million on a scheme that has helped just 700 families and now Gordon Brown is proposing these new grants will be enough to help families into new homes."
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