UK's financial regulator backs end to mortgage lending programme

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Members of the Bank of England's (BoE) Financial Policy Committee (FPC) – the UK's paramount macro-prudential regulator – "welcomed" the decision, unveiled by governor Mark Carney last week, to stop incentivising mortgage lending amid signs that an upturn in the country's housing market may pose risks to financial stability, minutes from the committee's meeting on November 20 show.

Carney announced on Thursday that the BoE and the UK Treasury are to channel the entirety of their Funding for Lend

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