Yes but the implications by Gprdon and crew from around 2000 were "borrow all you want, money is dead cheap, live today, pay back tommorow - and for goodness sake dont save". So many took that on trust as a Government direction. Yes it is true many suffered. I know of some who, in fact nearing the end of their Mortgage, in 2006 took out a huge second mortgage, this then being spent. This led to them being in considerable Negative Equity in the crash, then the loss of a job due to the downturn meant the Mortgage went heavily into arrears, and they were repossessed. Remember they were near clearing the original mortgage. A most graphic example of people doing what, even if not directly expressed, what the Labour Government directly encouraged them to do ...