Following my recent post on the Government’s urging banks to help reckless (sorry, ‘hard-pressed’) borrowers, a reader alerted me to this excellent article from Vince Cable of the Liberal Democrats in The Independent pointing out that banks played their part in pumping up prices: British banks, in particular, lent too…
Browsing: house-prices
Not content with lending billions to the banks and bailing out Northern Rock, the UK government has set its sights on homeowners who are struggling to pay their mortgages. According to the BBC: Homeowners will have enough support to ensure that their homes are not repossessed, the government says. The…
The newspapers are full of stories about the rapid inflation in basic foodstuffs like rice and potatoes. We’re warned of social unrest, new global inequalities, and even the selfishness of speculation (which you can engage in via an agricultural ETF, although I prefer to think of it as insurance against…
Things are looking ever gloomier for those who see the latest stalling in house price acceleration as more a speed bump then a socking great wall being hit by a Great British love affair that’s been drunk at the wheel for years. According to the latest Royal Institute for Chartered…
