Lloyds boss warns of housing bubble

The boss of state-backed lender Lloyds has warned that the Government's Help to Buy scheme risks creating a dangerous house price bubble unless it is matched with a boost in housebuilding.

In the latest high-profile warning over the scheme, Antonio Horta-Osorio called for relaxed planning and building rules and more social housing projects so that rising mortgage approvals do not drive up house prices.
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