Economic stability is the key to low mortgage rates.
By avoiding boom and bust, and by giving the Bank of England independence, Gordon Brown has ensured that the British economy is now much more stable than it was four years ago. That has enabled mortgages to come down to a 35 year low and saved the average homeowner 1,200 per year. One of the big problems in Wokingham is the poor state of public transport. Labour is committed to the biggest ever increase in spending on public transport and this will, over a number of years, gradually start to put right the damage that 18 years of Conservative neglect caused. Of course, part of the problem has been trying to pick up the pieces after the disastrous privatisation of the railways by the Conservatives.