House prices to stop climbing within two years - papers 14th Nov

THE BANK OF ENGLAND has dealt a blow to hopes of an imminent cut in interest rates, says the Financial Times, highlighting the risk of higher inflation from public sector pay and the rise in national insurance contributions. It has also made its strongest warning yet that there is a growing danger of a "sharp correction" in house prices. In its latest inflation report, the Bank revised up its forecast for price rises over the coming year, mostly because of the unexpected strength of house prices, and said the greater risk was that inflation would be higher rather than lower. ...