Thursday, Dec 17, 2009

Property booming on wednesday then stagnating on thursday

Times online: House price rally began to slow in October

British house prices rose by another half a per cent in October from the previous month, bringing the UK average price to £198,450 - just 2.2 per cent below where they were a year ago, according to the latest official figures.

Posted by matt_the_hat @ 10:14 AM (1023 views)
Add Comment
Report Article

1 Comment

1. stillthinking said...

I read this comment by George somewhere else,

"With annual government borrowing at £200 billion pounds, this equates to 8 million average (£25k py) pay jobs being funded with borrowed money that is even greater than the 6 million public sector jobs and indicating that the whole economy is now dependant on government borrowing. And this does not even take into consideration what the government funds with its tax revenues excluding this borrowing. "

This spending will stop one way or another. What chance does a rally in houses have against the effective withdrawal of 8 million jobs?

Thursday, December 17, 2009 12:01PM Report Comment

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • 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
  • Please adhere to the Guidelines
Admin Password
Email Address

Main Blog | Archive | Add Article | Blog Policies