UK house prices will escape America’s crash

The Bank of England joined the Federal Reserve in doling out serious cash in a bid to unblock the credit markets. And all week economic and financial issues dominated the front pages.

Liam Halligan, The Sunday Telegraph - 23 March 2008

Even this Easter weekend, when the markets are closed, Britain’s annual, semi-ritualistic church-versus-state dingdong is being upstaged - the airwaves are full of talk about “short-selling” and “City boys”.

I suspect most readers have had their fill of breathless reports about this or that “rescue bid”. You’ve probably heard enough about the “rumour mill” almost grinding up another leading British bank.

Personally, I’m fascinated by such matters - and would argue that they matter enormously. But I realise the question most people want answered is this: “Will house prices in Britain collapse, as they seem to be in the States?” - full article