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Governor of the Bank of England thinks Northern Ireland's House Prices Are Not Keeping Pace With Rest Of UK

Governor of the Bank of England thinks Northern Ireland’s House Prices Are Not Keeping Pace With Rest Of UK

Northern Ireland House Prices Not Keeping Pace With Rest Of UK

Mr Carney told the Andrew Marr programme that “if you look at the UK as a whole, everywhere bar Northern Ireland – we are now seeing house prices begin to recover”

On Sunday 16th February, the Governor of the Bank of England, Mark Carney said in a BBC interview with Andrew Marr said that Northern Ireland is the only part of the UK where house prices are not recovering, stating: “If you look at the UK as a whole, everywhere bar Northern Ireland – we are now seeing house prices begin to recover, so it is a more generalised phenomenon”.

However, Mr Carney’s comments provoked a backlash from Northern Ireland’s finance minister Simon Hamilton who reckons that Mr Carney’s remarks were at odds with analysis carried out by Stormont’s Department of Finance and Personnel (DFP).

Mr Hamilton posted on his Twitter account, “Doesn’t tally with DFP analysis. Never thought I’d have to correct a governor of BoE!”

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Government Manage To Lose Housing Minister

Government Manage To Lose Housing Minister

Government Reshuffle Does Away With

Housing Minister Position

Mark Prisk, the (now former) Government Housing Minister and Conservative MP for Hertford and Stortford, lost his Government position after the cabinet reshuffle last Monday.

 

New Under Secretary of State - Kris Hopkins will be responsible for Housing

New Under Secretary of State – Kris Hopkins will be responsible for Housing

Housing will now be part of Conservative MP for Keighley, Kris Hopkins responsibility as he steps into a new Government role as Under Secretary of State, rather than Housing Minister and he will be deputy to the Secretary of State.

Mr Hopkins is another former leader of Bradford Council, like his ministerial counterpart, Eric Pickles.

News of the ministerial reshuffle was broken last week via the Government’s Twitter site and also by Mark Prisk himself via Twitter, however on the Conservative Party website it was alleged that Mr Prisk had been asked to step aside due to his reluctance to undertake media interviews rather than his actual work.

Government Manage To Lose Housing Minister

Government Manage To Lose Housing Minister

The Conservative MP tweeted “Been asked to step aside for Housing for a younger generation. Disappointing but its been a great eleven years on frontbencher”

Reflecting on the property market recently, the Hertford and Stortford MP commented: “As a Government we have worked hard and prioritised limited financial resources to help the housing market through one of its toughest times and create the right conditions for it to flourish.”

Mr Prisk inherited the Housing Ministers job from Grant Shapps, who was promoted to Conservative Party Chairman, in September 2012. His previous roles included working on the Government’s Construction Strategy at the Department for Business, Innovation and Skills.

Richard Lambert, Chief Executive Officer of the National Landlords Association (NLA), commented on the cabinet reshuffle stating: “The NLA is pleased to welcome Kris Hopkins as Parliamentary Under-Secretary of State. We hope the incoming minister will take a proactive and holistic approach to addressing the issues facing the housing sector exacerbated by the shortage of housing supply. However, it is extremely disappointing to see the Coalition reduce the significance of housing within Government. Given the significant challenges facing households throughout the country it is essential that housing takes centre stage in political debate. We hope the apparent demotion of the housing portfolio from Minister of State to Under-Secretary of State does not reflect a change in priorities from the Government ahead of the General Election in 2015.”

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