Personal finances and the housing market

Article Abstract:

It is hoped that consumption will lead to an end to recession. The barriers are seen as big levels of personal credit and lower house prices. Some of this debt is linked to increase in home ownership from 55% in 1980 to 67% in 1992. Rent payments have correspondingly decreased by 11% and the recession has not led to significant reduction in debt repayment. Housing sales may pick up in 1992, but repossessions are a factor, although numerically small.

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UK economy; pragmatism and the economy

Article Abstract:

Since Britain left the Exchange Rate Mechanism (ERM) government policy has been to set interest rates according to variables such as house prices and the exchange rate. Inflation, it is hoped, will stay within the 1%-4% band, and settle at 2% by mid-decade. The UK forecasts give an overview of economic trends and a forecast for 1993.

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UK EMU entry: The economic, logistical and political hurdles and constraints

Article Abstract:

The economic, logistical and political constraints concerning UK EMU entry are considered.

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