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Bbc News Website: Uk House Prices A 'force For Evil'

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Jonathan Portes: UK house prices a 'force of evil'

The UK economy is firmly on the road to recovery according to findings by the National Institute of Economic and Social Research (NIESR).

The Confederation of British Industry also feel the economy is experiencing an upturn.

Jonathan Portes, director at NIESR, told the Today programme: "We are now on track for a decent recovery."

He said: "The housing market in the UK, and this is a long term problem, is undoubtedly a force of evil. House prices are too high in this country because we don't build enough houses."

First broadcast on BBC Radio 4's Today programme on Tuesday 5 November 2013.

Worth a listen.

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The UK economy is firmly on the road to recovery according to findings by the National Institute of Economic and Social Research (NIESR).

For a long time the papers always used to call it "the right wing" NIESR - but for some reason they've dropped that bit of description now.

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The UK economy is firmly on the road to recovery according to findings by the National Institute of Economic and Social Research (NIESR).

The Confederation of British Industry also feel the economy is experiencing an upturn.

Jonathan Portes, director at NIESR, told the Today programme: "We are now on track for a decent recovery."

"Recovery", "upturn", "decent recovery".

It would have been helpful if they had justified their claims with some figures to back their claims up - otherwise it just sounds like they're whistling a happy tune so no one will suspect they're afraid.

It also sounds like they're just responding to Cameron's October conference speech that everything is "up, up, up" - not to mention heating prices, food prices etc etc of course, that would be the wrong sort of "up".

Edited by billybong

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The video on the OP link seems to have been replaced by an interview about the NHS. The NHS debate always useful to distract.

They've still kept the background image of a row of large terraced houses :lol: - so far that is.

Edited by billybong

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"We are now on track for a decent recovery."

Haha, just no one mention the debt levels. :lol:

What am i on about. Obviously its all fueled by exports, not debt :rolleyes:

While the yanks have been deleveraging, we've been re-leveraging. When it blows this time the dollar wont be going from 2.2 to 1.3 to the pound, it will be more like the pound going to 2.2 to the dollar.

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He said: "The housing market in the UK, and this is a long term problem, is undoubtedly a force of evil. House prices are too high in this country because we don't build enough houses."

Did he mention loose lending? They never do!

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At least the video in the OP link is back to being about the economy and house prices being a "force for evil" now.

They've removed it. Then thought about removing it and decided to put it back. It's really no surprise with the UK's economy being run by crazies.

It's no way to run an economy, it's no way to run a broadcasting station.

Edited by billybong

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