Until last week the general consensus on Bank of England Governor Mark Carney was that he was working almost entirely to Chancellor George Osborne's script helping to engineer a new housing and construction boom that would give the Tories a chance of forming another government.
But then he announced that, while the Funding for Lending Scheme (FLS) will still be used to shovel cheap money into the banks, the Bank of England is to insist that they use the money to lend to small businesses, rather than would-be home owners. For good measure, Carney also said he was going to have the lenders use tougher affordability tests before they offered mortgages to buyers. It all gives us a tiny bit of hope.
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