IMF warns Bank of England on house prices

The boss of the International Monetary Fund has issued a new warning about the dangers of rising houses prices in Britain.

Christine Lagarde said the Bank of England should rein in risky mortgages.

ITV News Economics Editor Richard Edgar reports.

Advertisement

IMF: UK doing well but 'no room for complacency'

The head of the International Monetary Fund - Christine Lagarde - has welcomed the UK's economic progress over the last year but warned of major risks that remain.