Monetary policy after the collapse of Osbrown
Article contains an interesting link to a paper with a history of UK monetary policy as practised by various administrations. So Douglas Carlswell the author that the recent policies of Osbourne and Brown are the same, and that they will shortly be clearly demonstrated to be total failures with a discussion of what may be next. Made me think that possibly Carney/Osbourne are already moving away the lever of interest rates and to (surprisingly) take Carney at his word he may indeed intent to use other measures to the blunt trauma of lifting borrowing costs. In which case state involvement with finance will inevitably increase further than the existing Funding for Lending/Help to Buy. Unfortunately this means that interest rates won't allow price discovery or resource allocatino.
FLS pumped 42 billion into UK housing - results in artificial house price increases
The speed UK property prices are rising at is âapproaching madnessâ, analysts have warned, after data showed house prices jumped 2.4pc in February, the biggest monthly increase in five years. The rise, revealed in the latest Halifax House Price Index, outstripped analystsâ expectations of a 0.7pc rise, renewing fears of a house price bubble. House prices advanced 7.9pc on an year-on-year basis, the figures showed, taking the average price across the UK to Â£179,872 and marking the strongest annual uplift since October 2007.
More progress. Â£115k is still Â£50k too much.
Buyers are being invited to let their imaginations run free on the 21 plots available on the vacant development space near Telford town centre. The land, being offered for sale by 360 Housing Partnership, will be sold with all the necessary infrastructure such as gas, drainage and pavements included in the plot purchase price, making it a tempting proposition for people wanting to build their own home. Each of the 21 remaining plots â two have already been sold next to one another beside a balancing lake on the site â will cost around Â£115,000, including all infrastructure and the cost of architects. Mr Blakemore said that for a four-bedroom house on the site, the system could end up saving around Â£60,000.
Stating the Bloomin' Obvious!
"The Department for Communities and Local Government hasnât properly examined the impact of its 3.7 billion-pound Help-to-Buy investment, which may not benefit those most in need, the National Audit Office said". Sadly, nobody cares. Parliament is full of troughers and today's focus is trying to grab a piece of Ukraine. Similar situation there, Ashton knows the Kiev snipers were paid for by the people UK and EU support but prefers to keep quiet in public. Check out that phone call to Estonia chaps!
Carney engineered a 60% overvalued market
The fraud at the heart of our economy
What bubble?? (More fallout from FLS)
UK house prices jumped 2.4 per cent in just one month, in one of the starker recent signs of how a domestic housing boom may be turning into a bubble. The jump in Halifax bank's monthly house price index for February was way ahead of the 0.7 per cent gain expected by economists polled by Reuters. That takes the average price to within touching distance of Â£180,000, at Â£179,872, in the eleventh monthly gain in the past twelve months.
Cloud cuckoo land, or just plain cuckoo?
Yahoo Finance: Wed 5 Mar 2014 20:35 - UK Markets are closed 11 graphs that explain the true insanity of London's housing market
There is London - and then there is the rest of the country. Yep, property in the capital is now so far removed from the rest of the UK, that it really must be considered as a market unto itself - so say estate agents. As prices continue to increase at more than double the pace of the rest of the UK, we take a close look at just what's happening to homes in the capital:
Vid: 11bn Bailout package - How much will Greece contribute?
Full details tomorrow on the Ukraine Bailout - or is the EU buying it's way INTO Ukraine? Nations are getting deeper and deeper into debt. sooner or later it all goes sour. THe IMF has today recommended the EU issue Eurobonds and get stuck into QE. Watch European bank shares rise over the next few months! Forget FtBs and house building.
BBC: A council in Oxfordshire has agreed to buy 462 acres of land where Up to 1,900 self-build properties are to be built
A council in Oxfordshire has agreed to buy 462 acres (187 hectares) of land where hundreds of people can build their own homes. Up to 1,900 self-build properties are to be built on the Ministry of Defence (MoD) site in Bicester, following the purchase by Cherwell District Council. The scheme, at Graven Hill, will include kit homes, group-build schemes and properties designed by the owners but built by contractors. Construction is due to begin in 2015. Council leader Barry Wood said it was believed to be the first large-scale self-build project of its kind in the country.