King slams Treasury as house prices soar

Sir Mervyn King fears the scheme will hit taxpayers

May 20, 2013, 4:33am

AVERAGE London house prices have breached the half a million pounds level for the first time, a leading website announced this morning. The news, which will delight some homeowners but trigger despair for homebuyers, is fuelling fears of another bubble caused by easy money and insufficient house building.

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Allister Heath

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