The Bank of
England blog, I think relatively recent, has put up some intriguing and
informative items in recent months.
Often, lateral thinking along with data and comment throw new light on
many aspects of our economy and its function.
This one about debt and mortgages will be close to the interests and heart of very
many people. Its conclusion that Britain currently is not a good place to be
young and hopeful of gaining wealth and housing in the way of past generations.
It points to
the fact that this has policy implications and I suspect many of them will be
very uncomfortable for the kind of people that our governments have been
throwing money at when buying votes.
If it is among
the young that the support for Left Labour and the SNP is growing the issue is
not going to go away.
Round here many terraced houses suitable for first time buyers are being bought up by landlords.
ReplyDeleteSame here. One renter has 600 properties preferred tenants from East Europe as more reliable and pay more.
ReplyDelete"in the way of past generations." - not in the fifties it wernt
ReplyDelete