Relevant:
- House Prices Face Cameron `Chopping Block' as Budget Cuts Sap Buying Power
- U.K. Home Prices to Fall Next Year as Government Cuts Bite, Savills Says
- British Banks' Mortgage Approvals Increase to Five-Month High on Low Rates
- October budget deficit hits record of $237.2B
- Treasury Committee: Record Deficit Forecast
2010-12-01 — bloomberg.com
"U.K. home prices may fall by as much as 5 percent next year as the government raises taxes and cuts jobs to reduce the record budget deficit, the country’s largest property broker said."
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