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UK household debt is a key risk to financial stability - http://www.bankofengland.co.uk/publications/Pages/news/2016/301116.aspx

We're not seeing the full impact yet. How long can the Bank of England tolerate its current pricing model to absorb those price increases, without raising rates... That depends on individual agendas, egos and overviews of success.

My personal perspective is that the current rate cannot be pegged for the next 30 years. The country is in spending frenzy via credit card syndromes.

As for house prices, if the internal inhabitants cannot afford, then the country will entice those who can afford e.g. How many premiership football clubs are owned locally? Who are the majority shareholders of the ex-public managed institutions (BT, BG etc...). I'd say unless they rein in the loose monetary policy, junk bond status is our destination.

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