A report commissioned under Labour but prudently swept under the carpet predicts worst-case repossession rates of up to 175,000 a year. Grant Shapps, releasing the report (no doubt panicked by the prospect of public sector job cuts pushing repo-rates under the Coalition toward that worst-case scenario) in an attempt to take take some of the taint off the current administration and hand it back to the opposition, assures us that they'll do everything they can to keep interest rates as low as possible for as long as possible. More here.