I still have my head in my hands regarding the concept of a voluntary agreement with major retailers to see price reductions on basic food items like bread and milk. The basic concept of competition works so much better than subsidies. In my view, prices in the average supermarket are naturally starting to edge down. It is amazing what sluggish economic growth naturally tends to lead to. If only we had a Tory Government to stop this sort of nonsense. Oh. Er. Anyhow, what I really want to talk about today is another price obsession in the UK economy: house prices.
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