Houses of horror, homes of slump

Article Abstract:

The Chancellor's Nov 1992 Autumn Statement provides the opportunity for the government to revive the housing market. The Treasury could pay benefit to those whose income drops steeply through unemployment. Building societies should let houses and more people should be encouraged to move house as there are 70,000 repossessed homes. Many who would normally be first-time buyers are not entering the market. The government could give them a grant of 4,000 pounds sterling or double their mortgage tax relief for five years.

Interest rates, House buying, Home buying, 1992 AD

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Aftermath of inglorious failure

Article Abstract:

The date on which Britain joined the ERM, Oct 1990, was not chosen for a favourable exchange rate, so when the crisis occurred we had to withdraw. Britain suggested that the system should be suspended but this made the core countries more inclined to operate a two-tier system, with Britain in the outer band. A single currency would stabilise matters. A stronger Franco-German alliance will place Britain on the outer edge of Europe.

Management, Economic policy, European Monetary System, Single European market

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Why the euro has failed to lead the world

Article Abstract:

The performance of the economy of the euro area is compared with that of the UK economy. It is argued that the direct impact of the slowdown in the world economy may be larger in the euro area than in the UK. This impact could be balanced out to a larger extent in the UK than in the euro area.

Column

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