The year-on-year figures (the best ones to look at) from both Halifax and rival Nationwide together show a fall across the UK of about 2 per cent. And it's getting worse. "Prices are going to stagnate," Halifax declared, crossing its fingers because it is in trouble if they don't. The health of its parent, Lloyds Banking Group, is at stake. It's already been bailed out by the taxpayer once, sorry, twice. A house price crash could lead to another. A realistic possibility? George Buckley, Deutsche Bank's chief economist, says UK prices are about 40 per cent higher than in the US, where a crash has happened. That's probably too much to be accounted for by factors such as our smaller...
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