Business Secretary Vince Cable said the housing market risked a return to the cycle of boom and bust that marked the last Labour government.
– Business Secretary Vince Cable
The Government has done really good work turning the economy around: we risk it being derailed by a housing bubble repeating the mistakes of Gordon Brown.
If we are going to get a recovery it has to come through exports and British industry, not property inflation.
It’s not my job to tell [the Bank of England] what to do, but I get a sense that the Governor of the Bank does understand this is a serious problem.