Clegg heeds Carney's warning on housing boom

The Deputy Prime Minister told ITV News the government should listen to the Governor of the Bank of England's warning on the risks of booming house prices threatening the economic recovery.

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Clegg hears Carney's warning on 'Help to Buy' scheme

Deputy Prime Minister Nick Clegg told ITV News the government may have to scale back its flagship 'Help to Buy' housing policy.

Nick Clegg said a warning from the Governor of the Bank of England - that booming house prices are a threat to economic recovery - must be heeded.

In comments that appear to contradict Chancellor George Osborne's defence of the programme, Mr Clegg said: "If Mark Carney - in view of his concerns about the housing market - thinks we should scale back on some of those schemes, that's exactly what we should do."

Deputy Political Editor Chris Ship reports.

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