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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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Help to Buy could be 'pared back', Clegg says

The government housing scheme blamed by some for inflating house prices should be "pared back" if the Bank of England advises it, Deputy Prime Minister Nick Clegg has said.

In a BBC One interview, Mr Clegg said: "If [Bank of England Governor Mark Carney] says we should pare back on some government schemes like Help to Buy then I think we should do that.

"He's certainly right when he says the big problem is that we simply don't build enough homes in this country," the Lib Dem leader added.

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