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Tuesday, 8 May 2007

Chancellor Could Face Hostile Reception


According theargos.co.uk chancellor Gordon Brown's appearance at the Brighton Festival could be ransacked by protesters, furious about spiralling property costs.Frustrated first-time buyers are planning to picket the Chancellor when he speaks about the UK's booming economy at the Dome Concert Hall.

House prices in the Brighton are rising by more than £500 a week and the average asking price in Brighton and Hove jumped £27,000 last year, making the city the fastest-growing property market in Britain.

Web-based campaigners are planning to sabotage the event to highlight the housing affordability crisis which is fuelling fears the housing market is heading for a crash.A spokesman for pressure group Priced Out said: "Brighton was recently cited as having the fastest growing property prices in the country."The end result of this is that more and more of Brighton's younger families and individuals are being forced from the city, having to give up on their aspirations to own their home and in some cases even delay starting a family.

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