Now will Gordon Brown Follow America's Lead And Save Our Housing Market?

Gordon Brown is under growing pressure to follow America's example and rescue the British housing market.
The U.S. Government's dramatic weekend decision to bail out its biggest mortgage companies set off a surge in share prices around the world.
It also exposed the timidity of the British government when faced with the meltdown at Northern Rock and the collapse of property sales.
A Treasury review is already being held into the way the housing market is financed in the UK.
The Chancellor, Alistair Darling, is due to decide within weeks whether to back an expected recommendation to provide taxpayer backing for mortgages worth billions.

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