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Podcast: Beyond Currency
Episode: 9 June 2021 - Supply shortage driving house prices
Description: "Andrew Haldane, the Bank of England's Chief Economist, for whom the next MPC meeting will be his last, spoke yesterday of his belief that any overheating in the economy will manifest itself in the property market first.
He described the market as being on fire, due mainly to the disparity between supply and demand.
The Government’s support for the economy has led people to see an opportunity although this effect will fade as quickly as it has started as Chancellor Rishi Sunak has already announced the end of several support schemes.
The short-term continuation of tax breaks, the growth in...