The group chief executive of Legal & General, Nigel Wilson, has told ITV News house prices will keep rising until the Government is bolder in tackling a "chronic shortage" of affordable new homes.
L&G boss says Help to Buy is "a huge emotional distraction from the main issue" a chronic shortage of new homes.
Nigel Wilson says society will never get the quantity of new homes it needs unless the government starts building affordable homes.
Nigel Wilson "the government should be building affordable homes. It worked in the 40s, 50s and 60s, it can work in 21st century as well"
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The positive results come after Chancellor Philip Hammond admitted the government is prepared to sell its stake at a loss to the taxpayer.