Budget homes plan loophole

The Treasury has still not explicitly said it will prevent homeowners from using Government-backed mortgage guarantees to buy second homes, after ITV News exposed the loophole. It is also feared the cost of the scheme could be passed onto borrowers.

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Guarantee plan sparks new housing bubble warning

The Government's plan to guarantee billions of pounds of new mortgages could lead to a new house price bubble, some economists are warning.

And independent analysts claim tax rises or deeper spending cuts could follow the next election as the Government struggles to slash the budget deficit.

Watch Business Editor Laura Kuenssberg's report:

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