Are house prices about to plummet?
The News Agents
00:00
The Dangers of Low Interest Rates
As house prices are falling, Rishi Sunak would think that there was even less impetus to change planning laws. This is more, I think, about signaling as often it is in politics. We've had experience before of housing crashes and they're extremely painful. You don't think we're gearing up for a 2008? No, I really don't. All I'm saying is that there are dangers and anyone responsibly conducting monetary policy would have to take account of those. But if for some reason rates had to go an awful lot higher, then you get into dangerous territory.
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