Growing Concerns About A New UK Housing Bubble

When Mike Carney left the Bank of Canada to become Governor of the Bank of England, he made it clear that he was bringing his old economic policies along for the ride. In both cases, he provided forward guidance that interest rates would be kept extremely low and that other programs would help low-income home buyers, reports John Greenwood for the Financial Post. While the policies have helped the UK turn its economy around, there is growing concern that growth has come at the cost of a new housing bubble. Housing bubble in UK For anyone who paid attention to…