David Miles is Professor of Financial Economics at Imperial College, London. He was a member of the Monetary Policy Committee at the Bank of England between May 2009 and September 2010. As an economist he has focused on the interaction between financial markets and the wider economy. He was Chief UK Economist at Morgan Stanley from October 2004 to May 2009. In 2004 he led a government review of the UK mortgage market. He is currently undertaking a review for the UK Treasury on reference prices of UK government bonds. He is a research fellow of the Centre for Economic Policy Research and at the CESIFO research institute in Munich. He is Chair of the Board of Trustees of the Institute for Fiscal Studies. He was awarded a CBE in December 2015.
David Miles will talk on why house prices in the UK are so high. Can prices and mortgage debt continue to rise? Is the variability of commercial property prices linked to variations in the availability of bank finance? David Miles will explore these issues and consider how the property landscape in the UK might play out over the longer term.