Housing plan may not lift prices says BoE's Barker

A plan by the UK government to help up to 100,000 Britons buy their own homes may not push up house prices as the government is committed to increasing supply, Bank of England policymaker Kate Barker said on Tuesday 24 May.

Under the government plans, to be set out on Wednesday, people who cannot afford a home at the current time would be able to share the cost with the government and a mortgage lender in an attempt to get more people owning property.

"Of course they run the risk of pushing up