Deficit cut by a third. Between 2009-10 and 2012-13, public sector net borrowing has fallen by 3.6 percentage points from 11.0 per cent of GDP to 7.4 per cent of GDP (ONS, Public Sector Finances: June 2013, 19 July 2013, link).
Record low mortgage rates. Families up and down the country are benefitting from low mortgage rates – the 2 year 75 per cent LTV fixed rate in April 2012 was 2.87 per cent (Bank of England, Quoted Household Interest Rates, 31 May 2013, Table G1.3, link).