London: British house prices adjusted for inflation may drop as much as 20% in the next five years as the Bank of England raises interest rates and regulators toughen lending rules, the National Institute for Economic and Social Research said.

SARACENS’ director of rugby Alan Gaffney admitted his players’ faces were as pink as their shirts after the 40-29 defeat to Wasps that kept Ian McGeechan’s men on track for the Premiership play-offs.

UK interest rates must rise at a faster rate than currently forecast if oil prices stay permanently above $42 a barrel, research showed today.