On Radio 5 Live, John Healey responded to today's repo-figures by suggesting being repossessed was an okay option for some households. Some people, he said, might not be able to keep up mortgage repayments even if they were renegotiated by the lender. The suggestion that these people would be best served by being kicked to the curb is puzzling, particularly in a country which doesn't allow borrowers the right to throw back the keys and walk away from a loan. If they're in negative equity - which they will be - they'll still be in debt. What could Healey be thinking? More here.

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