Thursday, October 30, 2008
Nationwide: UK house prices down 14.6%
Fionnula did put her positive spin on this but the annual rates of decline are accelerating to 14.6% from 12.4% and 10.5% in the two previous months. With the UK in recession, Earley's ability to spin this positively are limited. Let's look for rate cuts is about all she can say. That's what I heard her say on Bloomberg TV.