House price crash raises spectre of inflation risk, says Bootle
By Joe McGrath
Roger Bootle, a managing director of Capital Economics and
former Treasury economic forecaster, said the market is “heading for a very nasty adjustment at some point”, citing concerns about affordability.
He told delegates at the National Association of Pension Funds investment conference in Edinburgh: “That is going to pose all sorts of dire financial problems and a real policy dilemma for the [future] government and the Bank of England.”
He said that a future UK government might decide to favour inflation, particularly if the economy saw another downturn. (Read More)
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