Posts Tagged Planning Laws
Is there any room at the inn? (or anywhere for that matter)
Posted by Stephen Clarke in Economics, Politics on 20/12/2011
Yesterday the FSA set out new rules for mortgage lending. The new rules were positively received as a way to prevent the excessive risk taking that occurred in the run up to the financial crisis when people were clearly sold unaffordable mortgages. This tightening of the standards comes almost a month after the Government pledged to back mortgages for first-time buyers, another move that was widely supported as a way to stimulate the housing market. Is there a contradiction though between subsidising lending and tightening up standards?
