House prices are bound to 'readjust'. But not yet

There is no doubt that Britain's housing market is heading for a 'readjustment'. The only question is when.

I'm having an interesting week. I spent Tuesday flying around Scotland and Northumberland in a helicopter looking at forests and windfarms (more on this next week), and now I am hanging around at the National Association of Pension Funds conference in Edinburgh.

The first was obviously exciting, but the second is more interesting than it sounds. Yesterday, the big speaker was Blackrock's Larry Fink (he's "open" on Scottish independence and thinks private pension saving should be compulsory).And today it was Roger Bootle of Capital Economics, a commentator with whom we have a good amount of thinking in common.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.