This piece is about the economist. For the radio announcer and newsreader and former TV announcer, see David Miles (Radio). David Miles is a continuity announcer and newsreader on BBC Radio 4. ...
Professor David Miles of Imperial College London is a Britisheconomist who produced a report in 2003 for the Chancellor to examine why long-term fixed rate mortgages are so unpopular. Imperial College is one of the colleges of the University of London (although negotiations with regard to its withdrawal from the University have begun) and primarily focuses on science, engineering and medicine, complemented by a business school. ... An economist is someone who studies Economics. ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... Various governments have a Chancellor who serves as some form of junior or senior minister. ... A mortgage is a method of using property as security for the payment of a debt. ...
The report states: A great many borrowers focus on the initial cost of debt and do not seem to consider carefully how those payments might change relative to their incomes .
External links
Miles Report: Part 1
Miles Report: Part 2
Miles Report: Part 3
UK home supply way below demand - BBC News, December 10, 2003
Call for more long-term mortgages BBC News, December 9, 2003
For the radio announcer and newsreader and former TV announcer, see DavidMiles (Radio).
Professor DavidMiles of Imperial College London is a British economist who produced a report in 2003 for the Chancellor to examine why long-term fixed rate mortgages are so unpopular.
The report states: A great many borrowers focus on the initial cost of debt and do not seem to consider carefully how those payments might change relative to their incomes.
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