Culture Minister Sajid Javid
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Carney 'right to be vigilant' on housing market

The governor of the Bank of England has given his strongest warning yet about the dangers to Britain's economy posed by the booming housing market.

Mark Carney said that the market represented the "biggest risk" to financial stability and long-term recovery, and suggested there were deep structural problems which needed to be addressed.

In response, Culture Minister Sajid Javid said Mr Carney was "absolutely right to be vigilant about the housing market".

"We've given the Bank of England unprecedented powers to intervene", he added.

  • 18 May 2014
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