| "If inflation persists it would imply that interest rates had perhaps been ‘too low', that the borrowing we have done on the back of low interest rates was less affordable than we thought, that the house prices we have paid on the back of easy borrowing are unsustainably high, and that any sense of consumer wealth deriving from higher house prices is a mere illusion." | |
| Evan Davies | April 2007 |
| "UK property owners thinking of selling should perhaps do so sooner rather than later, as the picture during the second half of 2007 will increasingly start to look grim for property investors, as the substantial buy to let speculative brigade will lead the charge for the exit, thus further exacerbating the slump in house prices." | |
| Nadeem Walayat | May 2007 |
| "Thanks to The City's remarkable achievements, we have the huge privilege to live in an era that history will record as the beginning of a new Golden Age." | |
| Gordon Brown | June 2007 |
| "The strange thing is, I know the share price has had a good shoeing but I also know the stuff we are announcing today will leave the company in a much better place than it is now in three years' time." | |
| Adam Applegarth, CEO Northern Rock | June 2007 |
| "There is a finite life in being a chief executive. It is rather like being a football manager. Very few people get to choose the timing of their leaving." | |
| Adam Applegarth, CEO Northern Rock | June 2007 |
| "Right now I have no property to sell and I also have no intention of buying one but when I do I can assure you have every intention of working with a service that tries to undermine the estate agency industry. It is going to take Tesco a while to get its new style estate agency off the ground but the more people that abandon their existing agents for it - and the other DIY sales sites out there - the sooner we will have seen the back of the overpaid and inattentive agents we have already put up with for far too long." | |
| Merryn Somerset, Money Week | July 2007 |
| "In our view, inflation will come down during the rest of the year. It is likely to drop further but we will have to wait and see." | |
| Mervyn King, Governor of The Bank of England | July 2007 |
| "UK manufacturers are facing sharp increases in their costs. And with demand robust, they plan on passing on these higher costs in higher prices. Not good news for the Bank of England." | |
| Karen Ward, HSBC | August 2007 |
| "This current boom does not depend on long term investment or on exports or on the cultivation of a more educated, skilled, labour force. It is powered by debt-financed consumer spending, some reckless lending and the optimism generated by a house price boom." | |
| Vincent Cable, Liberal Democrats, Treasury Spokesman | September 2007 |
| "The market is now showing investors that property is illiquid: that is, it is not as easy to get out as it was to get in." | |
| Mike Horseman, Financial Advisor | September 2007 |
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