UK house prices: Crash or boom?
- 4 April 2012
This morning has exhibited already one of the themes of this blog and it is the unreliability of many statistics which are used as a basis for judging the economy. Sometimes the unreliability comes in the form of having different measures of the same thing which tell a different story. Only on Monday I discussed measures of both China's manufacturing sector and UK house prices which were telling quite different stories. Well this morning has gone one step better (or perhaps I should say worse…) for the UK housing market. Step forward the Halifax building society!
What did the Halifax report?
- The rise in the pound since Forward Guidance is equivalent to a 1.25% rise in UK base rates
- Cyprus and its economy show the consequences of a banking bail in
- What happened to all those Swiss Franc mortgages in Hungary,Cyprus,Croatia and Poland?
- What is happening in the UK housing market? Is it "unbalanced growth"?
- Lloyds Bank - the customer was always ripe (for misselling)
- Lloyds Banking Group fined record £28m and facing huge redress bill for frenzied, bonus-driven culture of misselling among sales staff
- Broad monetarism still dominant but narrow money signals more reliable
- Renewable energy catching up on property as the UK's top investment choice
- Are investors finally abandoning bonds?
- Service sector pay beating inflation while public sector and manufacturing wages lag price rises