The Tipping Point

This morning the Prime Minister held breakfast talks with the heads of the banks on the credit crunch. After the meeting, Brown said that 'a range of measures' to get confidence back in the housing market were discussed. He also confirmed that, as planned, the Bank of England was injecting a further £15 billion of Tax payers money into the markets, taking the total injected over recent months to £50 billion.



Shortly before departing on a trip to the US, Brown gave interviews to the BBC and Sky in which he insisted that he was determined to do what was right rather than court short-term popularity

With the Labour party languishing in the opinion polls and new figures showing house prices falling at the fastest rate for 30 years, surly Brown must be reaching the tipping point.
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