Bank of England wants new powers to prevent a housing 'boom and bust'

Friday, October 3rd 2014 - 06:38 UTC

Full article 4 comments

The Bank of England has asked formally for new powers to prevent a housing boom and bust. Under the powers, the Bank would be able to limit how much people can borrow to buy a home, according to their financial circumstances. Read full article

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paulcedron
it seems that another “burbuja inmobiliaria” will explode.
not a surprise, uh?
Oct 03rd, 2014 - 02:49 pm - Link - Report abuse 0
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Conqueror
Notice the difference. The Bank of England requests powers for safeguarding the British people. The argie government 'demands' powers to safeguard the argie 'government'. Isn't the argie 'government' still creaming off millions?
Oct 03rd, 2014 - 03:21 pm - Link - Report abuse 0
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Briton
Yes,, its called PAULLSGOLD,
chuckle.
Oct 03rd, 2014 - 05:47 pm - Link - Report abuse 0
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GeoffWard2
'... the Bank would be able to limit how much people can borrow to buy a home, according to their financial circumstances.'

That's exactly what British banks have done for a century or more.
Can't see why it needs a new rule.
As that man Brown used to say - ”It's just prudent'.
Oct 03rd, 2014 - 08:05 pm - Link - Report abuse 0
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