Bank warns over house prices surge

%VIRTUAL-SkimlinksPromo%Surging house prices could pose the biggest danger to the country's financial stability as it continues its recovery, the Bank of England has warned.

In a hint that further steps could be taken to cool the market, the Bank's deputy governor for financial stability, Sir Jon Cunliffe, warned: "It would be dangerous to ignore the momentum that has built up in the UK housing market since the spring of last year".