David Miles
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This piece is about the economist. For the radio announcer and newsreader and former TV announcer, see David Miles (Radio).
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.
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
