Reporting on the monthly house price falls from the Nationwide Eamonn Holmes gets a little confused with the monthly and yearly figures.
Maybe it is because the scale of the losses is so huge. Maybe it is because HBOS reported a large jump in house prices last month. Although HBOS is hardly independent now and Gordon Brown has his sticky fingers all over their monthly report now.
The Government wants to con the public into entering the housing market and still believes that the way out of a depression caused by excessive borrowing and lending is to borrow and lend your way out.
Anyway here he is