Export target much too high

Did George Osborne’s 5:2 diet affect his thinking when he set the country’s export targets? That’s the view of Kathryn Hopkins, The Times property and economics correspondent, in this week’s podcast. She and Phil Aldrick, economics editor, explain why the Chancellor was mad to set such a high target for 2020.But with the UK’s GDP in the second quarter set to show a pick up from the first quarter, Phil Aldrick tells Richard Fletcher, Business editor and presenter of the podcast, why the UK economy is starting to look a lot more positive.A stronger economy could push the Bank of England towards rising interest rates however. That’s the only thing that will stop house prices from rapidly rising, argues Kathryn Hopkins, who says house prices could be as much as 25 per cent higher within five years. One bank that will be keeping a keen eye on the mortgage market is Lloyds. The Times’ Banking editor Katherine Griffiths explains why, and also talks us through the upcoming results for Barclays and RBS....

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