Another interesting week in store as Georgie boy, the Chancellor prepares to deliver his Autumn Statement tomorrow. Expect a dash of hard realism with a hint of hope that will be crushed by the media fixated on the mantra that bad news sells.
The real issue, like an annoying soap opera you don’t really like but can’t help watching, is still playing itself out in Europe. Rumours are both good, that the IMF is preparing a EU600 billion bail out of Italy to solve its issues, (denied by the IMF for now) and bad, that ratings agencies are poised to basically downgrade the whole of Europe causing further issues, (not denied)!
Andrew Montlake, Communications Director at Coreco and ‘Mortgage Personality of the Year 2008’, gives his views — honest and no holds barred — on the latest developments within the mortgage and property markets.
