Holding up the front pages on Newsnight last night, Jeremy Paxman observed that Brown couldn’t have got better coverage for his mortgage package if he’d paid for it. But as always with one of Gordon’s initiatives, a look at the small print reveals it to be not quite such a good deal after all. Both Tim Worstall and Dizzy point out huge flaws in it.
It does seem that this was done on the fly to catch out the Tories. Last night, one representative of the ‘third sector’ was commenting that Brown had just beaten the Tories to the punch on this and a Minister deeply involved in the development of the scheme was brushing off questions about the details of it with the highly unconvincing line that the government couldn’t be expected to work them all out before they announced it.
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