A shock fall in UK house prices during September has sharpened concerns over the ailing property market. According to data from Halifax, house prices plunged 3.6% m-o-m, marking the largest fall on record (since 1983). While certainly a woeful figure, we do not believe that this necessarily portends a looming collapse in prices. The quarterly… [Read more]
Last week, Business Monitor International (BMI) published a special report, ‘Britain On The Brink: UK Economy Sliding Out Of The Global Premier League‘ outlining our bleak prognosis of the country’s economy. Among its key findings, the report forecast that Britain will suffer a far deeper recession than either the UK Treasury or IMF predicts, with… [Read more]
Together with my colleagues at Business Monitor International, I have just put the finishing touches to a report titled Britain On The Brink: UK Economy Sliding Out Of The Global Premier League. Our forecasts are amongst the most bearish yet published: • Britain will suffer a far deeper recession than either the UK Treasury or… [Read more]