With the cost and affordability of basic housing going through the roof. More and more economic pundits are starting to question if the governments adoption or skew of components in the CPI is realistically reflecting what is happening on the ground. In countries as far apart as the UK and Australia the CPI measurement...
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A new report from the UK shows an alarming trend in the housing sector. Unlike the USA where there is now a glut of homes, the UK is suffering from a shortage – it is likely to get worse. According to the report by the Joseph Rowntree Foundation the number of affordable houses in...
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The International Monetary Fund warned that Britain could be heading for a housing market crash and urged Gordon Brown to curb spending growth. In its latest bi-annual report, the world financial watchdog said UK property prices appeared elevated and "could come under pressure in a rising interest-rate environment". The International Monetary Fund said that...
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According to the UK’s Citizens Advice charity at least 770,000 householders missed paying one or more mortgage repayments in the last year. Citizens Advice warned that the debt crisis in the UK was getting worse, with the charity having to deal with over 1.25 million cases of debt problems last year. The crisis is...
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The UK’s Office of National Statistics released its inflation figures this morning with noted increases in both the Consumer Prices Index (CPI) and in the older, but more inclusive Retail Prices Index (RPI). Figures for the CPI show that inflation accelerated to 2.5 percent in August, in the face of an expected levelling off...
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