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?
- Limit for contactless payments rises to £30
- Pension savers warned of risks of transferring funds into cash
- Brits spending two-thirds of their monthly income on essential bills
- Shoppers warned on "scandal" of poor value store cards
- No universal agreement on just how weak China is
- US stocks cycle probably peaking
- Get your coat – An M&A party may be in progress but what stage of the night have we reached?
- State pension age set to hit at least 70 by 2050