Debate House Prices


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CBI: UK Economy 'worse than thought'.

http://news.bbc.co.uk/1/hi/business/7552336.stm

The CBI, the UK's largest employers' organisation, has warned that the UK economy is deteriorating faster than it previously thought.
..
Forecasters, including the CBI, had been "over-optimistic" about the economic outlook, he added.

High inflation and slowing growth have prompted fears of a possible recession.
..
"A year ago it seemed reasonable to hope that the worst would be over by now. That has not turned out to be the case."


Reality slowly sinking in.....
--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.

Comments

  • LisbonLaura
    LisbonLaura Posts: 1,121 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Is this a CBI apology for their selfish calls for rate cuts, when rate hikes would have been wiser?

    Or is this the CBI calling for rate cuts again?


    Cue the 'Unimpressed by those with forked tongues' emoticon
This discussion has been closed.
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