Business secretary Vince Cable has called on his own government to consider whether the second stage of the Help to Buy scheme should go ahead.
Recent figures released by the Halifax said the first part of Help to Buy, the equity loan, and the Funding for Lending Scheme had already sparked the biggest rise in house prices since 2010. Figures like this have led Cable to suggest the government rethink whether it wants the second phase of the scheme to go ahead. "The controversy is over the second part of the scheme, which is a guarantee scheme that does not take effect until the new year," he told Sky News. "Obviously the government is going to have to look at that in the light of the way the market is developing." The Li...
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