Help to Buy issues won't be solved by taxing speculators

 

Apart from George Osborne, nobody really seems to like the Help to Buy scheme, the programme under which the government acts as a guarantor for high loan-to-value mortgages. Among the latest to join the critics is the IMF. It argues that “there is a risk that, in the absence of an adequate supply response, the result would ultimately be mostly house price increases that would work against the aim of boosting access to housing.”

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Source: http://www.iea.org.uk/blog/help-to-buy-issues-wont-be-solved-by-taxing-speculators

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