This piece is about the economist. For the radio announcer and newsreader and former TV announcer, see David Miles (Radio). David Miles is a British Continuity announcer and newsreader on BBC Radio 4.
Professor David Miles 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 popular. Imperial College London (officially The Imperial College of Science Technology and Medicine as given in its Royal Charter It is one of only three universities to have reached The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located An economist is an expert in the Social science of Economics. Chancellor or chancellour (archaic ( Latin: cancellarius) is an official Title used in countries whose civilization has arisen A mortgage is the pledging of a property to a Lender as a security for a Mortgage loan.
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 .
David Miles called the top of the noughties housing boom on November 22nd 2006 http://news.bbc.co.uk/1/hi/business/6172088.stm