Monday, March 21, 2005

Brit Firm: Home Price Fall Slows Consumer

In what could be a worry for countries with rising home prices, Britain may find the bust will curtail consumers and businesses. "Shay Bannon, at BDO Stoy Hayward commented: “The UK consumer boom is over. Falling house prices are lowering consumer confidence. As a result, sectors dependent on domestic consumer markets will find themselves in a difficult position as..consumers’ disposable income (comes) down.”


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