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Average house price to jump 14% over next four years – papers

by: IFAonline
  • 19/08/2011
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Average house price to jump 14% over next four years – papers
House prices will rise, workers are taxed more than they think, and the recovery is under threat from psychological scarring left by the financial crisis. Our round-up of the news from the nationals.

The price of an average house will rise 14% over the next four years, reaching the highest ever recorded in Britain, a report will say today.

Analysts the Centre for Economics and Business Research predict the typical home will be worth more than £200,000 by 2015, up from its current £176,000, though this will still be below inflation. Daily Mail MORE

“Psychological scarring” in the wake of the financial crisis and a growing reluctance to take risks in financial markets can lead to over-pessimism and threatens to delay the economic recovery, a top Bank of England official has warned. Guardian MORE

Workers in the highest tax brackets are paying as much as 66% on their earnings as they are hit by large income tax rates while losing out on valuable allowances, a report by a right-wing think tank published today suggests. Telegraph MORE



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