Jump to content
House Price Crash Forum
Sign in to follow this  
Ash4781

Office For Budget Responsibility (Obr)- Economic And Fiscal Outlook

Recommended Posts

http://cdn.budgetresponsibility.independent.gov.uk/Economic-and-fiscal-outlook-December-2013.pdf

The latest OBR- Economic and Fiscal Outlook worth a read, and not really too technical.

Chart 3.24 Household gross debt to income ratio on page 75. So as the psbr goes to surplus look what happens to the forecast :) It looks like a load of ******** to me. Still do your bit and take on more and more debt!

3.107 With the saving ratio declining over the forecast period and household investment rising strongly, households’ overall net lending position – total income less total spending – moves into deficit. In an accounting sense, this provides the offset to the Government’s fiscal consolidation. The combination of this net lending position and house price growth means that households’ gross debt to income ratio is projected to rise from 2014, and slightly faster than in recent forecasts (Chart 3.24). This is largely because rises in the value of housing assets are typically associated with rises in the value of the debt secured against them. We expect the cost of servicing debt as a share of average household disposable incomes to rise, but to remain well below pre-crisis levels for most of the forecast period, given current market expectations for only a gradual rise in Bank Rate.

:rolleyes:

I'll keep reading...

Edited by Ash4781

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   210 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.