Austin Hughes
speaker
415 appearances
6 recordings
2 series
first heard Oct 2025
last heard 19 Jun
Austin Hughes’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 6 in all, peaking in Dec 2025 with 2.
Appearances
So it is a very different set of circumstances.
But, you know, now someone in their 20s and 30s is coming into a much richer economy, much lower unemployment rate.
They've much better job prospects than they had back then.
They have probably much greater prospect of living a good deal longer, of inheriting a great deal more wealth.
But they're still anxious about job security, about what the next shock to the system is going to bring.
No, I think that's one very important structural change.
But as I say, the other one is the population in general was falling or flat-ish.
It was three and a half million.
Now it's rising dramatically, you know, one of the fastest growing countries in Western Europe.
So those circumstances are very different.
And in terms of, you know, the implications for house prices, obviously, you know, the house price in 1990 was around 65,000, you know, 1995, 30 years ago, it was under 80,000.
No, sorry, that's in euro terms.
So now we're talking about the new house price for 2025, according to CSO numbers, was around £455,000.
And in terms of the relationship between earnings, as you say, and house prices, back then, average earnings were...
Shade under 15,000 in 1990.
The average house was about four times earnings.
Still the same in 1995.
It's now over eight times, depending on how you measure.
Exactly.
And even in terms of average earnings, we've had this other structural change that's been dramatic in terms of housing and other aspects of the economy.
Showing 21–40 of 415 · page 2 of 21
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