A flagship British government scheme to boost mortgage lending must not become permanent like in the United States, outgoing Bank Governor Mervyn King said on Saturday. King's warning follows criticism that the plan will encourage the kind of risky lending that precipitated the 2008 financial crisis. "We do not want what the United States have, which is a government-guaranteed mortgage market, and they are desperately trying to find a way out of that position," King told Sky news. "So, we mustn't let this scheme turn into a permanent scheme. Now when is the right time to terminate it will depend on economic ... (full story)