Wednesday, February 16, 2011

Housing market is a sword of Damocles over U.K.

Mervyn King Stands Up to His Critics

U.K. house prices have fallen just 15% from the peak; no one seriously believes that represents the full unwinding of the property bubble. A continuing slide in house prices, against a backdrop of government spending cuts, rising unemployment (up another 60,000 in January) and declining real wage could have a deeply damaging impact on confidence.

Posted by pbahra @ 03:40 PM (810 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
  • 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Your email address will not be published.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>