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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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Northern Ireland WeatherToday:Very windy with persistent and occasionally heavy rain at first, becoming drier with the wind easing towards midday. Mainly dry with bright spells increasing during the afternoon. Milder than of late. Maximum temperature 14 °C.Tonight:Cloudy with clear spells, mainly dry evening becoming windy with rain at times from late evening. Turning drier with clear spells towards morning. Milder than of late. Minimum temperature 2 °C.
