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Rapid Descent

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I was going to post this on Friday, but couldn't find it on line - when I looked closer I did find it, just took a bit of digging!

This is a fairly detailed discussion of the situation facing Mervyn King and interest rates. It broadly spells out a situation that the MPC should not be cutting rates to boost growth at this time, but focussing on inflation, while the government must act to stimulate growth. Quite an interesting read, some interesting lateral thinking.

http://www.timesonline.co.uk/article/0,,63...24514_1,00.html

Remember also that the Governor was in the minority when the MPC cut the Bank’s interest rate in August. He does not want his colleagues to repeat what he sees as the error of mistaking weak demand for potential deflation.

Coupled with other recent articles, the picture painted by the Times is not so hot for those in highly geared property investments...

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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