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Might Spending Cuts Lead to Increased Equity Release Take Up
26/10/2010
It has been claimed that some families are likely to be out of pocket due to further cuts by the government to public spending. According to the TUC, families on a low income and with little savings are being the hardest hit by the reductions.
Brendan Barber, TUC general secretary said: "Far from securing the economic recovery, they are slamming on the economic brakes. Growth will be well below potential and there is growing risk of a double-dip recession."
The TUC has called upon the government to consider alternative ways of raising money to tackle the deficit.
Homeowners aged over 55 years who are out of pocket due to spending cuts and would like to know how much money the value of their property could release to help, can find out by contacting therightequityrelease.co.uk for equity release advice.
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