The Government's private fears over the dire state of the UK property market were laid bare today. Click here to read the notes Housing Minister Caroline Flint warned the Cabinet that "at best" prices are set to fall by 5 to 10 per cent this year. She also briefed colleagues that housebuilding was "stalling", adding starkly: "We can't know how bad it will get." The bleak assessment emerged when Ms Flint carelessly exposed a sheet of typed notes to photographers as she entered Number 10 for the weekly Cabinet session. The document, headed "Caroline Flint - speaking notes", had a sticker attached which said "Papers for Cabinet meeting 13 May 2008".
The Government's private fears over the dire state of the UK property market were laid bare today.
Click here to read the notes
Housing Minister Caroline Flint warned the Cabinet that "at best" prices are set to fall by 5 to 10 per cent this year.
She also briefed colleagues that housebuilding was "stalling", adding starkly: "We can't know how bad it will get."
The bleak assessment emerged when Ms Flint carelessly exposed a sheet of typed notes to photographers as she entered Number 10 for the weekly Cabinet session.
The document, headed "Caroline Flint - speaking notes", had a sticker attached which said "Papers for Cabinet meeting 13 May 2008".
