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King repeats warning of falling house prices

Bank of England governor Mervyn King repeated his warning to first time buyers over potential house price falls.

Speaking to the Treasury Select Committee, he said it would be unfortunate if people were encouraged to make decisions on a risky assumption that house prices could only ever go upwards.

However, he said he did not expect to see a return to the negative equity situation of the early 1990s as lending rules imposed by banks are much tighter than in the past and employment levels are high.


The miles file

Maybe it is just me but there seemed to be more than a hint of naivete about the latest report to chronicle the ills of the financial services industry. The authors of Tomorrow&#39s Company, a review billed by the group&#39s chief Sir Richard Sykes as a “report to end all reports”, came to the less […]

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ABI sets up group on HIV policy

The ABI is to set up an independent working group to advise the insurance industry on policy developments affecting HIV and insurance. It has already invited the Terrence Higgins Trust and to join. Issues likely to be discussed by the group include the evidence base for HIV risk, changing cultural attitudes encouraging responsible behaviour […]


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