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Mark Carney to take action on housing market
Mark Carney is this week expected to unleash new measures to control the housing market, introducing strict requirements in an attempt to limit risky mortgage lending. The Bank of England's Financial Policy Committee (FPC) will use its biannual Financial Stability Report to take action on mortgages, after developments in the housing market have seen fears resurface that home loans are putting the strength of the financial system at risk. Mr Carney, who chairs the FPC, is able to introduce a number of measures to cool the market under new powers handed to the Bank. These include new affordability tests for borrowers ... (full story)
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