Downing Street Says

» Thursday, November 20, 2008

Economy

Asked if there was any response to mortgage figures and retail sales, the PMS said that we didn t normally comment on monthly figures. These figures fluctuated from month to month and this was clearly a difficult time for the British economy as it was a difficult time for the global economy. This was why the Government was determined to take action and give real help to people now, in order to help them get through this period.

Asked for his assessment of the effectiveness of the stamp duty changes that came into effect in September, the PMS said it was far to early to make an assessment at this point. Insofar as there would be any assessment, it was really for the Treasury to comment on in the PBR.

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