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Housing market crash warning

There is a significant danger of a housing market crash economist Roger Bootle of Capital Economics has told the Building Societies Association Conference in Bournemouth.

The former adviser to Kenneth Clarke warned that the current growth in house prices of 15 to 16 per cent per annum is higher than in the 1990s though not as high as the peaks in the 1970s and 1980s. But he warned that London is close the late 1980s peak, intensified by earnings being extremely unlikely to increase as much as prices.

He said: “London is facing something of the same phenomenon as the late 1980s which is giving cause for concern.”


Government should pay for generic advice says Panel

The Government should consider funding a generic advice service in building societies according to FS Consumer Panel chairman Colin Brown.Speaking at the annual Building Society Conference in Bournemouth, Brown said funding of this service will be the issue and suggested the Treasury could help or societies could consider clubbing together. Brown said: “It is the […]

Birmingham Midshires – Fixed Rate Step-Up Account

Tuesday, May 7, 2002Type: High interest accountMinimum-maximum investment: £1,000-£500,000Interest rates: 4.8% gross a year for first six months, 5.25% for next12 monthsTerm: 18 monthsOffer period: Until further noticeWithdrawal penalties: No withdrawals permitted during termTel: 01902 302832

Inside Edge – Andrew Bedford

Since my last article in February, the Leeds United season has gone from average to worse. No turn-round in form or a real change in attitude from the team. No trophies but, I suppose, the same can be said for Manchester United.There is an audience out there that wants to watch the great Leeds&#39 product […]

Clerical Medical widens choice with bond

Clerical Medical is expanding its offshore business with a unit-linked bond mainly for high-net-worth investors.The CMI global investors bond provides access to 33 internal funds, including with-profits funds, tracker funds and currency reserve funds. Cautious managed, balanced managed and aggressively managed funds are also available, denominated in sterling, euros and US dollars.In addition, there are […]


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