The Bank of England member’s comments were dealt with on Tuesday, according to the following:
-The housing market is going through a very dangerous phase.
-The emergence of inequality due to the Corona virus crisis.
-Income inequality within the United States is the highest since 1920.
-Income inequality within Britain is high by global standards.
-Inequality has hit young people hard.
-Inequality has become more difficult over the past 15 months.
-The bubble is likely to rise in the real estate market with the current imbalances.
-The Bank of England can do little to address the imbalances in the housing market.
It is reported that the Deputy Governor of the Bank of England, Dave Ramsden, said earlier that the bank is closely monitoring developments in the housing market and high house prices, as this could increase pressures from high prices and the rate of inflation, which threatens the economic recovery after the Corona epidemic.
