Dame Kate Barker tells Lords’ economic affairs committee that policies remind her of those in US that contributed to the sub-prime mortgage crisisGeorge Osborne’s drive to boost homeownership has arrive under fire from a former member of the Bank of England’s monetary policy committee. The chancellor made helping buyers on to the housing ladder a central theme of final week’s autumn statement,announcing what he called a “bold plan to back families who aspire to buy their own home, including an expansion of the assist-to-buy subsidised mortgage scheme.
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Source: theguardian.com