Calls for freeze on home repossessions
Monday 17th November 2008, 12:01AM GMT.
Ahead of the Pre-Budget Report union Unite has called for a freeze on home repossessions to help kickstart the country’s economy.
The union will today present prime minister Gordon Brown and chancellor Alistair Darling with ten key recommendations to help protect people from the “triple danger of redundancy, repossession and rising prices”.
The submission includes a freeze on home repossessions, the creation of one million new affordable homes and new regulation for the finance sector.
Unite members also recommend the introduction of a fair trade regime, an increase in public spending and support for manufacturing through procurement and investment.
Joint general secretary Derek Simpson said: “We are calling on Gordon Brown to save our homes and do everything possible to protect our jobs. As times get tougher, Labour must continue to command the economy and support those people most likely to suffer thanks to the greed and irresponsibility of the bankers.
“Our priorities seek to put an end to the unchecked free market greed that led to the current crisis and to introduce a new economic order which takes our economy out of the hands of the super rich and puts it back under democratic control.”
Unite’s joint general secretary, Tony Woodley, added: “Millions of families are facing a winter of economic fear, haunted by the triple danger of redundancy, repossession and rising prices. This is the government’s chance to maintain the momentum of the last month by using its control of the banking system, driven to bankruptcy by the city fat cats, to put the people’s priorities first.
“This includes aid to the manufacturing industry, as is being arranged in the USA, a halt to repossessions and a major programme of house-building, control on energy prices and immediate infrastructure investment to get industry moving.
“Government action based on the economics of hope will also change the political landscape.”
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