Thursday, June 26, 2008

Only good thing the PM did was to make this bank independent

BoE's King sees significant drop in housing market activity

LONDON (Thomson Financial) - Bank of England governor Mervyn King said UK housing market activity is likely to slow markedly and it is very unclear how long it will be until a recovery sets is. Appearing before the Treasury Select Committee, King said house prices had reached a level that was difficult to rationalise and it is now very uncertain how far they are likely to fall, meaning people will stay away from the market.

Posted by landedgentry @ 11:25 AM (509 views)
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