The economics of buy-to-let: Are landlords to blame for Britain’s housing crisis? | The Economist

This is a good article from the Economist looking at the evidence. Check it out!

via The economics of buy-to-let: Are landlords to blame for Britain’s housing crisis? | The Economist.

The article concludes:

The broad consensus among economists is still that rising incomes, lower interest rates, a growing population, and the wider increase in credit availability more readily explains rising prices. Ultimately, there is only one solution to Britain’s housing affordability crisis: build more houses.

In my view, too many young people these days rely upon their parents to stomp up a hefty deposit on a first house or flat. Others expect subsidized housing as a basic right.

I remember that I went to work overseas for three years to save up the deposit on my first home.

Thoughts?

 

Banks fined over £2bn after currency rigging investigation – Telegraph

It’s good to see record fines on both sides of the Atlantic for currency rigging in major banks. This article from the Telegraph is a must read. Check it out!

via Banks fined over £2bn after currency rigging investigation – Telegraph.

In my layman’s understanding, surely these bankers are defrauding the public?

If so, it would seem appropriate for the authorities to take criminal proceedings against the bankers concerned?

Finally, do you agree that those guilty should receive a lifetime ban on working in the industry?

Thoughts?