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Viewing entries tagged housing sector UK
Vince Cable, the Liberal Democrat Cabinet minister, has suggested a 1930’s style as construction boom could help lift the country out of recession. He thinks there is a strong correlation between today's situation and that of 80 years ago, when Britain was faced with rising unemployment and the consequences of a world economic crisis. However at that time there were considerable differences, as people were able to take advantage of low interest rates, and lenders were more willing to advance mortgages. This access to funding led to increased mortgage demand, leading to a construction boom which in turn created greater housing...