Tuesday, Mar 30, 2010
Some said it was the snow!
Independent: Weak bank lending threatens recovery and housing market
"Bank lending to business and home buyers remains critically weak, according to the latest data from the Bank of England, endangering the revival in the housing market and the wider economic recovery". (I thought it was fear of interest rate hikes in the near future).
Posted by alan @ 10:11 PM (733 views) Add Comment
3 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. paul said...
But growth was revised upwards! Something can't be right.
I think the key is in the phrase "endangering the revival in the housing market and the wider economic recovery". Notice how the author has made them synonymous when the growth data shows they're not?
Let's translate "IF MY HOUSE PRICE GOES DOWN, SO DOES THE WHOOOOLE ECONOMY, SO YOU BETTER MAKE ME RICH!"
2. fallingbuzzard said...
Consider the source! If he was writing about the VW Golf, I would believe him.
3. it_is_going_with_a_bang said...
House price inflation IS the UK economy.
A rather sad fact of UK life.