PM brings forward Help To Buy
David Cameron has confirmed that he plans to bring forward a scheme of state-backed mortgages to help increase home ownership to next week. The so-called Help To Buy scheme had not been due for another three months.
Ed Balls: PM should be investing in affordable homes
David Cameron should bring forward investment to build more affordable homes instead of introducing the Help To Buy scheme, the shadow chancellor said today, after the Prime Minister confirmed that it would be introduced next week.
Ed Balls said: "Unless David Cameron acts now to build more affordable homes, as Labour has urged, then soaring prices risk making it even harder for first time buyers to get on the housing ladder.
"The Bank of England should immediately review the details of the scheme now before they are set in stone, rather than wait a year. "
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