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UK house prices 'to fall by 30%'

Discussion in 'General Discussions and Lounge' started by temi, Dec 15, 2008.

  1. temi

    temi Facilitator Webmaster

    The head of Barclays bank has predicted that economic gloom will deepen, with house prices to fall in total by 30%.
    John Varley's warning comes ahead of the latest UK unemployment figures on Wednesday, where the number of jobless is expected to rise sharply.
    A new survey suggests household debt is on the increase, and the value of sterling has fallen against the euro.
    House prices have already fallen by 15% this year, and his remarks suggest they may fall at the same rate next year.
    John Varley, group chief executive of Barclays, painted a bleak outlook in an interview on Sky News, during which he criticised mortgage borrowing levels over the last decade.

    full story
  2. TheGambleSociety

    TheGambleSociety New Member Webmaster

    2009 - 2011 gonna be the worst 3 yrs in economic history. high unemployment. high crime, high inflation = paper money worthless

    Powers that be already destroying our POUND. Which will make everyone panic and force us into the Euro..
    (argument will be = our pound going to shit - Euro is strong. WE MUST JOIN EURO NOW BEOFRE ITS TOO LATE)

    - its the only way they will get the UK into the Euro!

    Basically so the NWO (New World Order also known as IMF [international monetary fund]) can bring us into a single currency system..

    More control over the population = Enslave the world

    But hey this is just some parranoid theory - It will never happen (Honest)


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