John Cridland, director-general of the CBI, is calling for a raft of measures to help first-time buyers, including revitalised Mortgage Indemnity Guarantee schemes to reduce the risk of higher loan to value mortgages.
In a speech to the Confederation of British Industry (CBI) North-East Annual Dinner tonight, Cridland will say that boosting activity in the housing market and construction sector could be a major "game-changer" for growth. He will say it could unlock £60bn of potential investment currently on company balance sheets and create new jobs into the bargain. Cridland said: "I want to see the Chancellor use his autumn statement on 29 November to jump-start the housing market. "A determined attack on the major blockers of finance and planning could transform the outlook of a generation of...
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