Monday, May 19, 2014

Vince highlights the ‘unusual’ recovery we are having

Vince Cable: rising house prices destabilising economy

Vince Cable said: "Vince Cable has warned the economy is being destabilised by booming house prices and any sane person should worry about what is going to happen when interest rates rise as the economy returns to normal." 'In the next few years we are going to get back to high levels of household debt in relation to income, significantly higher in the UK than in almost any other country.'

Posted by pete green @ 03:50 PM (1631 views)
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2 thoughts on “Vince highlights the ‘unusual’ recovery we are having

  • Hoo-Ray! What a super Coalition.

    They have guaranteed that 35 to 40% of the nation remain rent slaves forever. Why not re-tighten the planning rules and ban building so as to make even more money 🙁

    (cue – people to comment on how this is helping our “recovery”.)

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  • All the time they are not allowing building the underlying capital is deteriorating (the deteriorating bricks and mortar).

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