Medium-term still a worry
House price falls are moderating, enquiries from potential new buyers have risen and March's mortgage approvals were well up on February's - although still 30 per cent down on this time last year. As Richard Lambert, CBI directorgeneral, commented, these green shoots "have shallow roo...
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| Published in | Birmingham post (Birmingham, England) |
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| Main Author | |
| Format | Newspaper Article |
| Language | English |
| Published |
Birmingham (UK)
Mirror Regional Newspapers
21.05.2009
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| Online Access | Get full text |
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| Summary: | House price falls are moderating, enquiries from potential new buyers have risen and March's mortgage approvals were well up on February's - although still 30 per cent down on this time last year. As Richard Lambert, CBI directorgeneral, commented, these green shoots "have shallow roots, and there are plenty of dark clouds on the horizon." Many UK companies have put business investment on the backburner. Cash flow and costs are the focus, for now. The big question is - will government muddle through - hoping that a global economic recovery gets us out of trouble, or will it be bold enough to consider a radical period of serious fiscal restraint to "fix" the UK's public finances? n Chris Clifford is regional director of the CBI West Midlands.. |
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