Mark Carney steps in to cool house prices

Bank of England governor Mark Carney announces caps on high-risk mortgage lending

Mark Carney, the Governor of the Bank of England
(Image credit: JOHN STILLWELL/AFP/Getty Images)

Mark Carney has stepped in to cap mortgages and restrain the housing market amid concerns that house price rises could derail Britain's economic recovery.

The Governor of the Bank of England introduced a raft of new measures to limit riskier mortgages and "prevent a build-up of consumer debt", Bloomberg reports.

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