LibDems debt plan calls on FSA to probe MPPI

Stepping up the political campaigning ahead of the general election – anticipated to be held in May – Lib Dem shadow chancellor Vincent Cable MP has published an 11-page report which suggests changes need to be made to the regulatory regime as any fall in the housing market may affect the UK economy and a person’s ability to pay debts. Quoting many different industry and government sources, the debt action plan report suggests even though house prices do not directly affect a person’s debt management, should property prices rise at a lower level than hoped, it could eventually slow the e...