UK news of the day 8/9/08

House prices 'to reduce by 25% - BBC

The chief executive of the Nationwide Building Society has told BBC News that he thinks house prices could fall as much as 25% from their peak. This prediction implies that 2.5 million homeowners could be pushed into negative equity. Read more here.

All-party call for 20,000-a-year cap on migrants arriving in UK - DailyMail

An unprecedented coalition of public figures will today call for a limit on migrant numbers settling in the UK. The group of MPs and peers, including a former Archbishop of Canterbury, want a policy of 'balanced migration'. Read more here.