HL Deb 29 July 2002 vol 638 c129WA
Lord Oakeshott of Seagrove Bay

asked Her Majesty's Government:

Whether they agree with the view of Monetary Policy Committee of the Bank of England, stated at paragraph 20 of the Minutes of its July meeting, that the current rate of increase in house prices is clearly unsustainable. [HL5580]

Lord McIntosh of Haringey

Yes. The rate of increase in house prices over the past year is clearly unsustainable.