Home Ownership

Part of Oral Answers to Questions — Environment – in the House of Commons at 12:00 am on 27th February 1996.

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Photo of Nick Raynsford Nick Raynsford , Greenwich 12:00 am, 27th February 1996

Why does the Minister not admit that, far from helping home owners, the Government have created the worst crisis for home owners in this country's history? Millions of home owners are caught in negative equity, 1,000 home owners lose their homes through repossession every week and the market is suffering from a deep crisis of confidence. The Minister knows that the Government's policies have been a disaster for home owners. They have betrayed home owners, and home owners are rightly looking to Labour for a solution.