Mortgage 'Mr fix-it' wants cheap deals for all - 2004-03-20
David Miles, professor of finance at Imperial College London, has a self-deprecatory theory for Gordon Brown's decision to have him to report on the malfunctioning market for long-term mortgages. He was, he says, the only economist with a long-term mortgage that the chancellor could find.
In spite of his modest manner, however, Miles has dropped something of a bombshell on the home loans industry in his final report, delivered just before the Budget.
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