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Home loans squeeze spending

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The UK could be £55 billion richer over the next decade if mortgage-slave Britons stuck more cash into pensions, an economic think-tank claimed on Wednesday. The National Institute for Economic and Social Research’s in-depth study of households over 20 years found those with mortgages typically had a 15% lower private pension income on retirement. Servicing home debt “crowds out” pension savings, particularly in the first decade after the loan is taken out, it found. Monique Ebell said: “UK households’ over-reliance on housing as a form of saving and investment is affecting their own income at retirement, and the UK economy as a whole.” ES

Property are the pension, what could get possibly wrong?

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  • 407 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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