By Claire West

Commenting on figures released this week by the Land Registry for England and Wales showing that the number of houses sold for more than £1 million this June was nearly twice the figure (+81 per cent) for June 2009, TUC General Secretary Brendan Barber said:

'House sales are recovering for the well-off, yet first time buyers are still struggling to find affordable mortgages. The Government needs to steer the banks towards lending policies that meet the needs of ordinary working people struggling to find their first home or we could be storing up huge problems for the UK labour market in the future.'