They were really ramping up the propaganda yesterday (giving me raw material for this series for a whole week). This is clearly co-ordinated, by whom or what we might never find out.
From Sky News:
Bank of England governor Mark Carney has warned ministers that a "no-deal" Brexit could see house prices crash by a third, Sky sources say.
Briefing Theresa May and her top team in Downing Street, Mark Carney laid out three different scenarios the Bank believes could come to pass if Britain leaves the EU without a withdrawal agreement.
The worst case scenario would see Britain go into recession, a slump in the value of the pound and a crash in house prices.
Sky's political editor Faisal Islam said a source characterised the governor's comments as "not a prediction, a worst case scenario", adding Mr Carney's comments were received "respectfully" by those around the cabinet table.
It's well-tailored though.
Brexit = food prices will rise! That's bad!
Brexit = house prices will fall! That's bad!
Nope, the former is clearly bad (unless you're one of these obesity crisis wankers); the latter is A Very Good Thing Indeed.
Nemesis casts her cold eye on the Great Leap Backwards
28 minutes ago
7 comments:
Yep, as an FTB gearing up to buy at the ripe old age of 49 a house price crash is exactly what I need.
Re food prices it is absolute nonsense. The Customs Union is all about tariffs on food to protect French farmers (mainly). It is an absolute fact that UK food prices rose when we joined the EEC and imports of, say, Canadian Cheddar and New Zealand lamb were loaded with tariffs or did not comply with EEC 'standards'.
..and if I'd been at that Cabinet Table I'd have told Carney to go forth and multiply...
Bottom of barrel = HPC ?
Was only a matter of time. I always thought it would be saved until closer to the vote in parliament. Get Brexit MP's on the wrong side of 'House Price inflation is societies greatest good' meme. 'Shock and awe'. Unknown forces judge HPC fear to be used now. Interesting.
Read some folks on another blog discussing Telegraph's explaination of the scary economic 'facts' of how and why BofE could not stop a 30%+ house price crash. Good luck to them, I couldn't be arsed to be honest. I'm sure BBC will run me through the HPC Macro economics tonight!
I'm confused. We've got people telling us that it's a tragedy that young people can't afford to buy their own house and we've got people telling us it would be a disaster if house prices fell by a third.
And more often than not, it's the same people.
Anyway, I'm sure if Carney makes enough predictions he'll eventually get one right.
He didn't mention that the sky would fall.
RT, I'll keep my fingers crossed that it happens in the next couple of weeks, then you an crack on and buy one.
L, me too. But clearly politicians have faith in Mark Carno.
MW, they have been running the "Brexit => house price crash" story on and off for years.
F, his ability to predict anything has been pretty piss poor so far, hasn't it?
P, "Brexit => global warming" is a different story to the house price crash one.
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