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17 Jan, 2008

Laura Stavro-Beauchamp Date: 16-Jan-2008

Prime Minister Gordon Brown has been slammed for allowing "grossly irresponsible lending practices".

During PM question time in the Commons today, Nick Clegg, leader of the Liberal Democrats, said the 50% rise in repossessions forecasted for 2008 is a consequence of the government's "flip-flopping" on every major social and economic issue, including housing.

In his response, Brown argued: "We are determined to have low interest rates, and to have low interest rates we've got to have low inflation, and to have low inflation we've got to have a decent economic policy, which I'm afraid his party does not have."

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