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Mervyn King Of Boe Gives Dire Warning-no Guarantees

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Mervyn King told a group of Kent businessmen that "the remarkable degree of stability that the UK economy has enjoyed over the past decade has been less evident over the last 12 months".
The Governor said there are "somewhat more and somewhat larger bumps on the road" and that the Bank cannot "ensure a flat road surface" through setting interest rates.
However, if there has been a spending spree driven by cheap money, then "at some point" the price of assets, such as houses, will come back in line with the price of goods and services.

1. The future for the economy looks bumpy

2. Its getting worse

3. Cheap money must be paid for.

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  • 302 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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