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Naea Pleads With Boe To Cut Interest Rates On Thursday

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The National Association of Estate Agents (NAEA) is calling on the Bank of England to reduce interest rates to 5% on Thursday...

Peter Bolton King, Chief Executive at the NAEA, comments:

"There is an ongoing lack of confidence in the housing market and the Bank of England needs to act fast to stop it stalling

http://firstrung.co.uk/articles.asp?pageid...&cat=44-0-0

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The National Association of Estate Agents (NAEA) is calling on the Bank of England to reduce interest rates to 5% on Thursday...

Peter Bolton King, Chief Executive at the NAEA, comments:

"There is an ongoing lack of confidence in the housing market and the Bank of England needs to act fast to stop it stalling

http://firstrung.co.uk/articles.asp?pageid...&cat=44-0-0

That's righ punish the prudent and the savers to bail out the banks and the irresponsible.

C0ck.

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The National Association of Estate Agents (NAEA) is calling on the Bank of England to reduce interest rates to 5% on Thursday...

Peter Bolton King, Chief Executive at the NAEA, comments:

"There is an ongoing lack of confidence in the housing market and the Bank of England needs to act fast to stop it stalling

Isn't it amazing how after a boom people consider double digit inflation as "healthy"?

A lot of people are going to have to realise that over time property prices rise in line with rents and wages, and in the current environment that's only about 3%.

Ten years of zero growth would do wonders for the health of this market, but historically that doesn't happen...

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If you'd said a decade back that house prices would be the most important, in fact only economic/public relations/keep the majority of voters happy issue for the govt of the day, you'd think we'd entered some parrallel universe :blink: Seriously fukced up thinking.

"There is an ongoing lack of confidence in the housing market and the Bank of England needs to act fast to stop it stalling" WTF :blink:

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"There is an ongoing lack of confidence in the housing market and the Bank of England needs to act fast to stop it stalling" [said the EA's VI]

Err, no actually. According to its remit, the BoE's MPC only needs to set IRs in order to regulate inflation.

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The National Association of Estate Agents (NAEA) is calling on the Bank of England to reduce interest rates to 5% on Thursday...

Peter Bolton King, Chief Executive at the NAEA, comments:

"There is an ongoing lack of confidence in the housing market and the Bank of England needs to act fast to stop it stalling

http://firstrung.co.uk/articles.asp?pageid...&cat=44-0-0

Peter Bolton King should be renamed Peter Bolton Toolbrain

If you'd said a decade back that house prices would be the most important, in fact only economic/public relations/keep the majority of voters happy issue for the govt of the day, you'd think we'd entered some parrallel universe :blink: Seriously fukced up thinking.

"There is an ongoing lack of confidence in the housing market and the Bank of England needs to act fast to stop it stalling" WTF :blink:

Because The New Sole UK Industry is flogging piles of shite bricks for 10x their real worth.

Err, no actually. According to its remit, the BoE's MPC only needs to set IRs in order to regulate inflation.

I think people could not be blamed for thinking the MPC's remit was to keep their friends' properties prices up. Perish the thought.

Havnt these numpties worked out that interest rate cuts are not the answer?

Naah. They're running round in circles like a desperate randy woman during the last 30 mins at a disco.

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If you'd said a decade back that house prices would be the most important, in fact only economic/public relations/keep the majority of voters happy issue for the govt of the day, you'd think we'd entered some parrallel universe :blink: Seriously fukced up thinking.

"There is an ongoing lack of confidence in the housing market and the Bank of England needs to act fast to stop it stalling" WTF :blink:

Simple, because housing has become the chief source of 'wealth' for this country, and even better this 'wealth' does not require any 'work' to generate!

We get the government we deserve.

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I liked this one, conjured up images for me of SWFs in the USA for some reason ;)

12-pray-begin.jpg

Evil Kenivels son just aint what his dad was is he :)

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  • 295 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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