Repossessions and the Housing Market

Part of Deferred Division – in the House of Commons at 3:45 pm on 2 April 2008.

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Photo of Christopher Huhne Christopher Huhne Shadow Secretary of State for Home Affairs, Home Affairs, Shadow Secretary of State for Justice & Lord Chancellor, Ministry of Justice 3:45, 2 April 2008

Given that circumstance, I am especially delighted that the Exchequer Secretary is giving way. Can she name previous occasions on which the house price to earnings ratio has been as high as it is today—there have been four in the past 30 years—when the position has unwound in a stable and orderly manner?