It was March 20... the deadline for lenders to sign up to a scheme touted as the solution to what may turn out to be a repo-crisis in the UK. The program was announced by Gordon Brown last year, and supposed to become active in January. He claimed that lenders were enthusiastic. But it turned out they weren't so enthusiastic they wanted to actually, you know, sign up, and so the date was put off until April. So - now - with the deadline for sign-up gone - where are we? Officially, we don't know, because the Government refuses to say. But the rumours are that less than 50% of lenders are on side. According to sources, and if anyone wishes to correct us on any of this please drop us a line or leave a comment, the following lenders are not part of the scheme:

• Abbey
• Barclays
• Nationwide
• Skipton
• Yorkshire
• Kensington
• GMAC

Is this another Government initiative that's announced loudly, swept under the rug quietly?

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