Brown promises economic stability

Posted: 20 Mar 2008 12:10:09 GMT

Gordon Brown has promised that the UK economy will remain stable despite turbulence in the world's markets.

Gordon Brown has promised that the UK economy will remain stable despite turbulence in the world's markets.

The prime minister made the pledge in an article for the Sun newspaper in a bid to appease the concerns of many UK homeowners.

With the global credit crunch clearly having an impact on the wider financial markets, Mr Brown said that the government would do all it could to maintain stability.

Many homeowners may take comfort from his words amid fears that house prices could fall.

"My guarantee to the British people is that we will hold on to stability in these tough times," wrote Mr Brown.

"We enter this latest period of uncertainty more stable and more resilient than at any other time in our history.

"They [the British Public] know the Labour government has got the economy through tough times in the past," he continued.

The latest figures from Assetz showed that house prices actually rose in February by 0.7 per cent.

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