Morning all. Market reports:
Telegraph
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FT
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This is Money
Tim Besley, one of the two arch hawks on the Bank of Englands rate-setting Monetary Policy Committee (MPC), sounded a warning yesterday about the impact of the credit squeeze on consumer demand, suggesting that he would not be an obstacle to rate cuts if conditions deteriorated.
MPC hawk Tim Besley suggests willingness to cut rates
Average asking prices have jumped more than 3pc in the last month, as estate agents test the market with higher prices, and new property listings drop to the lowest level since 2005.
UK house prices rebound strongly in February
The asking price for houses moved up last month but property is taking far longer to sell, according to new figures out today.
Clouds hover over the housing market
One of the billionaire founders of the Blackstone private equity empire has set up a charitable foundation to warn Americans of a looming economic apocalypse if the nation persists with a culture of "entitlement".
Blackstone founder backs apocalyptic warning with $1bn