“Any suggestion that Britain’s overblown, over-hyped and over-valued property market is set fair for a gentle soft landing after the excesses of recent years has just been exploded. We’ve had the boom: welcome to the bust.”

House prices have once again hit the headlines today as Nationwide announced that house prices had recorded their largest monthly fall since 1991. Read Larry Elliott’s take on this news here.

Call this a crisis? Dan Atkinson certainly does. Read his latest article on thisismoney.co.uk here.

Click here to read Larry Elliott’s posting on the Guardian’s Comment is Free blog about City expert Howard Davies’ talk at Hay.

We know how the credit crunch is affecting the UK, but how about Africa, Australia and Asia? Click here to read The Sunday Times’ piece comparing the effects of the credit crunch across the globe.

There’s no doubt that Gordon Brown needs to do something about the economy - and fast - to win back some supporters, but here’s why Larry Elliott thinks it won’t be easy for Brown to regain control of inflation. The Independent also questions who actually controls ‘our inflationary destiny’ - click here to read it.

So it seems there’s little Brown can do to help us  - BBC News looks into his options for easing our economic woes here.

Listen to Larry talk about the soaring oil prices and what this might mean for the economy here.

According to MoneyWeek, it’s very likely that there will be gloomy times ahead…

The Financial Times has this piece today on the latest news from the Office for National Statistics that growth in the UK’s economy has slowed.

The BBC had this story on May 22nd on soaring oil prices, which have more than doubled in the past year.

Click here to read Dan’s recent post on thisismoney.co.uk about how Labour’s two pillars of economic management are crumbling in the current financial climate, leaving little left of Gordon Brown’s ‘platform of stability’.