Economics
Haldane Says U.K. Housing Market ‘On Fire’ and Feeds Inequality
- BOE Chief Economist says structural issues driving price rise
- Covid-19 crisis has widened wealth gap in many nations
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Bank of England Chief Economist Andy Haldane said the U.K. housing market is “on fire” and contributing to a growing wealth gap -- but there’s little that the central bank can do to fix structural issues.