Relax: it’s your turn to enjoy yourself. You have seen prices running away from you for several years, and suffered the gloating of contemporaries who stretched themselves to get on the housing ladder. For you, every market slowdown has proved to be a false dawn, but this time it is different: the chances of a […]
The Bank of England now knows how it feels for a skydiver when his parachute fails. Careering downwards towards a possible recession and a probable housing slump, Mervyn King pulled on the economic ripcord last week. It was the first cut (from 5.75 per cent to 5.5 per cent) in more than two years, and […]