Britain Boosts Debt

[newsroom]

Boost for debt: Britain’s Help to Buy subsidy scheme for first-time home buyers “looks like a political master stroke” as voters like it, but is “a public policy disgrace” says CLSA’s commentator Christopher Wood.

For the first time it puts UK taxpayers “on the hook for mortgage debt a mere five years after the collapse of Fannie Mae and Freddie Mac in America should have made crystal clear the dangers of such an approach.”

copyright: Martin Spring of OnTarget