One of the government's chief economic advisers Ed Balls has restated Labour's pitch that coming housing policy will reduce the highs and lows of the UK property market.
Furthermore, the policy should deter people from putting all their savings into property.
Speaking at the Chartered Institute of Housing’s annual conference, Balls said: "We will champion people’s aspirations for homeownership - but at the same time we want to do more to help individuals manage risk while reducing cyclical volatility".
He said the Miles Review would help people make more informed decisions because of the recommendations for a series of actions to improve information and advice available to consumers.
Barker’s proposals on housing supplyshould increase the number of properties coming to market, which would also increase market stability, Balls added.IFAonline
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