UK property bubble may jeopardize Britain’s economic recovery

UK property bubble may jeopardize Britain’s economic recovery

Soaring house prices and persistently high levels of household debt could drive Britain’s economy back into recession, the Bank of England’s governor has warned. Challenged by Treasury select committee MPs on the subject of Britain’s financial stability, Mark Carney admitted the threat of a UK property bubble posed the most substantial risk to the state’s economic recovery.

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