No 10 insisted the government's overall approach was "clear andcoherent" and designed to overcome obstacles in the mortgage market that were stopping people from getting finance and reducing the number of new homes being built.
If no clearandcoherent measures are implemented the capital markets will tear into the UK. Still if the bankers react well be sure that the Labour opposition, frustrated backbenchers and the minority parties will start taking pot-shots at the emergency budget that we should have in place by July 1.