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"
More top news
Monica O'Connor and at least two other people were killed in the incident, and a British man remains missing.
Lively downpours across the south, Wales and Northern Ireland today - slow moving and intense with hail and thunder.
"The council's inspector judged there was an imminent health risk and an immediate voluntary closure of the takeaway was agreed."