Treasury s dramatic drop in house price growth based on judgment not maths
Treasury s dramatic drop in house price growth based on judgment not maths
(Photo / File) Wed, 7 Jul 2021, 3:38PM
A dramatic halt in house-price growth predicted by Treasury, the Government s chief economic adviser, was based on judgment rather than a firm economic model, and was not subject to Treasury s quality control process.
Green MP Green MP Chlöe Swarbrick said Treasury s explanation of its modelling was blatantly opaque, offering no meaningful information and insight . She wants officials hauled before the committee in person to explain how it works.
National s housing spokeswoman Nicola Willis has joined forces with Swarbrick in calling for an in-person explanation, saying Treasury s answers to written questions on how it calculates house price increases create more questions than they answer .
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