Comments: Tim Besley frets about the UK inflation psyche

Dear David,

Delighted to hear Mr besley contributions, I was in need to hear someone mention the importance of economic fundamentals and stand by them.

best wishes

Arik Schickendantz

Posted by Arik Schickendantz at February 1, 2007 03:27 PM

Too much emphasis is being placed on the increase in house prices which is being driven by London and a few other hot spots. The reality is that for most of the uk rises are modest at best. Economists should also be wary of house price forecasts made by mortgage lenders as they have a vested interest in keeping the market 'on the boil' - I know I worked for one!

Posted by peter savage at February 11, 2007 07:01 PM