Britains Forgotten Financial Crisis
Published:
Britain’s Forgotten Financial Crisis is the publicised version of my undergraduate dissertation. It tells the previously forgotten story of the period of Britains most significant real house price inflation in the early 1970s. However unlike previous accounts it goes further by arguing that there was no house price bubble during this period. Instead the “boom” was a price correction after a period of brutal financial repression which had coincided with aggressive tax cuts for housing coupled with tight planning restrictions.