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Economy
In reply to the discussion: Weekend Economists Mark D Day, 2014 June 6-8, 2014 [View all]xchrom
(108,903 posts)28. IMF warns UK government over housing bubble risk
http://www.bbc.com/news/business-27731567
The International Monetary Fund (IMF) has warned the government that accelerating house prices and low productivity pose the greatest threat to the UK's economic recovery.
It said rising property values could leave households more vulnerable to income and interest rate shocks.
It also called on the Bank of England to enact policy measures "early and gradually" to avoid a housing bubble.
In April, the IMF said the UK economy would grow by 2.9% in 2014.
The International Monetary Fund (IMF) has warned the government that accelerating house prices and low productivity pose the greatest threat to the UK's economic recovery.
It said rising property values could leave households more vulnerable to income and interest rate shocks.
It also called on the Bank of England to enact policy measures "early and gradually" to avoid a housing bubble.
In April, the IMF said the UK economy would grow by 2.9% in 2014.
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