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Gordon Browns Housing Moves Are Lambasted In Press

Despite initial indications that the moves announced by the government to assist the housing market and take pressure off those in financial trouble had been well received, they have been lambasted across the financial press. Many newspapers are making the point that the situation would not have been as bad as it is if the authorities had acted earlier - when they initially indicated these moves were on the cards. But surely that is a little harsh?

In normal circumstances the government would see their ratings pick up in the polls and the press move back on side but this is not a normal situation. While the authorities dithered many people have literally lost everything with more on the breadline and on the edge. The much rumoured assistance on energy price rises is something else which is likely to be drip fed over the next few weeks but again it is being hailed as too little too late.

If nothing else it shows that Gordon Brown really is in the last chance saloon and he has just thrown his last dice. Only a sudden recovery in the economy and a reduction in the number of government bungles would give him any chance of survival - and these seem more than remote.

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