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Bank of England's Haldane says UK housing market is on fire

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“As things stand, the housing market in the UK is on fire,” Haldane said in remarks to a webinar on inequality organised by the University of Glasgow on Tuesday.

He said the recent rise in house prices – which topped 10% over the 12 months to March, according to official data – was very likely to worsen pre-existing wealth inequalities.

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