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27/09/2013
BoE Asked To Review 'Help To Buy' Scheme Earlier
The Bank of England has been asked to undertake a bigger role in Chancellor George Osborne's 'Help to Buy' housing scheme, with their Financial Policy Committee (FPC) committed to carrying out an annual review, beginning next September.
This is a change to an original proposal, which would have seen the FPC assess the scheme after three years.
It is understood that Mr Osborne's aim to avoid the scheme fuelling a property boom after recent improvements in the housing market raised concerns over the impact of the scheme.
An across the board rise in year-on-year house prices has been reported for the first time in six years.
(MH/CD)
This is a change to an original proposal, which would have seen the FPC assess the scheme after three years.
It is understood that Mr Osborne's aim to avoid the scheme fuelling a property boom after recent improvements in the housing market raised concerns over the impact of the scheme.
An across the board rise in year-on-year house prices has been reported for the first time in six years.
(MH/CD)
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Tories Would Freeze Public Wages
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