Bank 'should clarify Help to Buy'

Press Association

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Mark Carney
Mark Carney

The Bank of England must shed more light on what powers it has to stop a house price bubble, the head of a powerful House of Commons committee has said.

Treasury Committee chairman Andrew Tyrie has written to Bank Governor Mark Carney asking him to clarify exactly what the Bank's role will be in overseeing the new phase of the Government's controversial Help to Buy scheme, which was launched last month.