Carney moves to tighten mortgage lending

“So Mark Carney has gone on record as saying the booming housing market represents the biggest risk to Britain’s economic recovery,” says Katie Allen on Guardian.co.uk.

The Bank of England governor said last week that soaring house prices – up 10.9% year-on-year in April, according to Nationwide – are rising too fast and are a danger both to growth and financial stability.

But as the “age-old management maxim” goes: “Don’t bring me problems, bring me solutions.” So what exactly do Carney and his colleagues at the Bank propose to do to defuse the [...]

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