Carney ready to cool housing market

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%VIRTUAL-SkimlinksPromo%Bank of England Governor Mark Carney has signalled he is ready to take action to cool Britain's surging housing market amid fears that a new property price bubble could derail the economic recovery.

Mr Carney said the Bank could adopt a range of measures - including imposing a new "affordability test" for borrowers and advising the Government to rein in its controversial Help to Buy scheme.

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