Business Secretary, Vince Cable, says he is appalled about the size of some loans being agreed by some lenders and has urged the Bank of England to use its powers to intervene.
Vince Cable renewed his stark warnings about the threat to the wider economy posed by soaring house prices in London and the south east amid reports Chancellor George Osborne will tackle the issue in his annual Mansion House speech later.
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The Labour MP expects the death toll in the Grenfell fire to be well above 79 and blames the disaster on Tory attitudes to social housing.
A large fire at a car storage yard this morning destroyed 8 cars and left another 35 damaged
Residents from Grenfell Tower who were being temporarily housed in a Kensington hotel say they were told to leave with just hours notice