Posts Tagged ‘UK’

Board up your windows, the Budget cometh

Sources in Whitehall are reportedly looking into the re-introduction of the Window Tax 162 years after it was repealed. With the UK government hell-bent on austerity, it has positioned itself as the proverbial ‘canary in the coal mine’, and is in dire need of ways to balance its books. However, the canary died long ago. It seems that other countries have taken note, moving away from austerity to more growth-focused measures, while the UK ploughs ever deeper in to the gas-filled mine. The resurrection of the Window Tax – along with other draconian measures – are back on the table as the UK tries to galvanize its economy and return the fiscal situation to a sustainable path.

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UK Mortgage Rates: The Slow Drift Higher and the Impending Danger for UK House Prices

Today’s blog is an excerpt from our forthcoming May HindeSight, Eyes Wide Shut, which we will release later this week.  The report discusses the UK, its soaring debt burden, how it is impacting the economy, and how the government is moving towards financial repression in order to deal with the problem.  The following excerpt is about the parlous state of UK property, and the growing likelihood of another sharp dive in UK house prices.

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