Bank of England governor warns of a bubble as UK house prices rise 10.5%
▻http://www.theguardian.com/money/2014/jul/15/ons-uk-house-prices-may-london
Rising house prices and high levels of household debt could tip the UK back into recession if left unchecked, the Bank of England governor has warned.
Mark Carney told MPs on the Treasury select committee that the threat of a property bubble was the “biggest risk” to economic recovery over the medium term, as official figures showed house prices rose by 10.5% in the year to May – and more than 20% in London.