Quote of the day
“The impact of the scheme is accelerating.”
- Ian Austin MP, the government’s housing minister, trying to put a nice gloss on the news that just six families in England have been helped by the government’s £200m mortgage rescue scheme – up from two families in the previous month. The initiative, launched at the start of 2009, aimed to help vulnerable families who are at risk of repossession to stay in their homes. Lib Dem Treasury spokesman Vince Cable said that the time it took to access assistance was “extraordinary”. The scheme allows not-for-profit housing associations to buy homes from people struggling to pay their mortgage and then allows them to continue living there by paying “affordable rent”. The government had said the scheme – introduced across England – could help up to 6,000 households which might otherwise face repossession.








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Let me see – 6000 minus 6 – what does that come to?
Now now, James. To be fair, Ian is right that the take up is “accelerating”. It’s accelerated from two to six, which is technically a three-fold increase and should therefore be warmly congratulated.
Just shows it for the media soundbite that was all it ever was….
That must the first time I’ve ever seen ‘accelerating’ used as a synonym for ‘hugely embarrassing failure’…