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Before jumping up and down too excitedly it’s worth noting that house price inflation always tends to ease of in the winter months. A casual look outside is enough to put anyone but the most determined off trudging from house to house with an estate agent. Even at 8% per annum it’s well above what you can earn elsewhere.
He’s only doing what the markets and the media were hysterically screaming for when Truss was running the gig. As the saying goes “Nowt as queer as folk” Let’s embrace the high levels of tax virtuously in the knowledge that the entitled here and yet to Steve don’t have to drag their arses off the sofa and can keep ordering Mikkie D meals and get fix of fags and booze
Maybe not all but you have a point. Sector needs careful looking into and I would start in places like Leicester, Birmingham , Liverpool, Bradford, East and West London. There’s no doubt in my mind the system’s being played big time
I’ll give him a week before the media will get on his case to labour ‘s bidding. “Researchers” from the BBC, Guardian and Mirror will be elbows deep in the Sunaks household rubbish in the hope of finding something of use
That’s why Hunt stopped support in April. Realistically the cost of support will likely be materially less the financial markets were fretting about. Imo Truss and Kwarteng figured that out in their growth budget. The miscalculation was not to include the OBR leaving them open to left of centre think tanks like IFS and the Media. There’s nobody smart enough on the Labour front benches to work that one out so they are happy to fan the hysteria. The next few months will be telling but meanwhile the Govt must revise the energy supply pricing formula and break the link wholesale gas. Jmho
Of course it is. Inflation is transitory but that is too complex for market “commentators “ to grasp. TW is not in the same position it was in 2008/9. Again most don’t bother to look at the balance sheet and prefer to let tip sheets or online tipsters like Yahoo to do the work for them. As long as I have been in this share pundits have been predicting the imminent demise of the housing market. Maybe one day they will get a dip so they can say “told you so” I am not holding my breath. All that said the millstone of interest rate outlook is weighing on markets and sadly CB’s seem hell bent on tipping economies into recession to combat a temporary phenomenon. We can take comfort that the two sectors that emerged the 08 crash and now are in rude financial health are the banks and house builders
As you are not invested here why don’t you go back to your DkE board
Looking back over the charts it looks like people have been selling it relentlessly maybe even shorting it through CFD’s so it may slow down once shortcovering is done. It’s now up to management to keep interest alive