Britain has a diverse heritage. We have culture, a industrial history, a history of commerce and of incredible architecture. This wealth is passed down from one generation to the next. Except that not everyone shared in that inherited wealth. (more…)
In theory, competition and supply and demand should regulate prices in a free market. In practice that isn’t the case. There are monopolies and cartels. There can be a lack of competition. There can be government interference in the market, such as the government’s ‘help to buy scheme’; that can distort the property market. An increased money supply can also mean increased demand.