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06 Jan 2003
An expected slow-down in the housing market will reflect on consumer spending, and mean that growth rates will be at least 0.5% below the revised estimates predicted by Gordon Brown in his pre-Budget report.
Roger Bootle, UK economic advisor at Deloitte and Touche said: 'The catalyst for a sharp slowdown in spending growth will be the bursting of the [housing market] bubble.'
Although he predicts house prices to increase by around 20% this year, it will be transformed into a fall of 5% next year and 10% in 2005.
He went on to add that sharp reductions in house prices had traditionally been followed by recession.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
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AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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