Thursday, July 31, 2008

UK housing, consumer downturn fans recession fears

UK housing, consumer downturn fans recession fears

House prices fall at fastest annual rate since Nationwide survey began in 1991 *Consumer confidence lowest since survey began in 1974 * BoE's Besley says restrictive monetary policy appropriate By Christina Fincher and Matt Falloon LONDON, July 31 (Reuters) - British house prices crumbled at record rates and consumer confidence hit historic lows, data showed on Thursday, fuelling fears that a consumer-led slowdown could tip the economy into recession.

Posted by housebear @ 11:03 AM (107 views)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>