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Once in a lifetime

Challening Times For Sterling

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2005 was an interesting year for the UK economy, one full of contradictions. Business surveys improved but GDP growth weakened. As headline inflation rose, core inflation slowed. Even as the year came to a close, housing transactions rebounded in a background of rising personal insolvencies and mortgage arrears. No wonder, therefore, that the UK enters 2006 shrouded in uncertainty.

at a time when households have been encouraged to liquidate their assets, through mortgage equity withdrawal, and raise their liabilities, through a higher stock of debt, companies have done the opposite. This, over the medium term, may actually have a detrimental impact on UK trend GDP growth.

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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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