Sir Mervyn King warns Govt over Help to Buy risks

[centurian]

What is it with every government trying to pump up house prices ?

Because it's the only way they have to make people feel rich.

The whole problem is in the name. Funding for Lending (i.e. funding demand) - if they really want to solve the underlying problem, they should be funding supply - but that will cause prices to drop and a lot of people will feel poorer.

[fullyautomatix]

Because it's the only way they have to make people feel rich.

The whole problem is in the name. Funding for Lending (i.e. funding demand) - if they really want to solve the underlying problem, they should be funding supply - but that will cause prices to drop and a lot of people will feel poorer.

WHS. When house prices go up by 10K every month the man on the street thinks he is a millionaire. This is a disaster waiting to happen. The credit crunch was the outcome of credit being offered to fruit pickers who could barely afford a deposit let alone a proper monthly payment.

[proggy]

This is a desperate stunt to get the economy moving before the general election. If we get another year or two of 0 or minuscule growth it means that Osborne may as well have spent the 5 years playing tiddlywinks, and they will get destroyed in the elections.

[DimPrawn]

This is a desperate stunt to get the economy moving before the general election. If we get another year or two of 0 or minuscule growth it means that Osborne may as well have spent the 5 years playing tiddlywinks, and they will get destroyed in the elections.

Followed by Labour playing spend it like Beckham, 50% increase in immigration from outside EU, join the Euro and then become a PIIG and live in poverty forever more.

[proggy]

Followed by Labour playing spend it like Beckham, 50% increase in immigration from outside EU, join the Euro and then become a PIIG and live in poverty forever more.

I hope Labour don't get in either. Would like UKIP to get in and Scotland to go independent.

[Old Hack]

I hope Labour don't get in either. Would like UKIP to get in and Scotland to go independent.

Us too, after we've, ahem, adjusted the boundaries between the countries to reflect the population