Want to create an interactive transcript for this episode?
Podcast: Beyond Currency
Episode: 3 March 2023 - Economy could face recession if housing remains weak
Description: The makeup of the UK economy is such that when the Bank of England is faced by the need to change its monetary policy to either stimulate, or restrict activity, the property market is normally the first sector to be affected.
The reason for this is the knock on effect of the decision to either move or stay put, has on the rest of the economy. What starts with a decision to upgrade the family home leads to increased activity in several different areas.
The services sector is stimulated with estate agents, banks, insurance companies and the legal profession all...