Policymakers set to decide on housing market action

The Financial Policy Committee met last week, and is due to outline whether it will make any policy changes. At a previous meeting of the committee, it refocused the Funding for Lending Scheme stimulus away from the mortgage market and towards small business lending. In addition, any decision comes soon after Bank of England Governor Mark Carney warned the housing market has "deep, deep structural problems" and is the "biggest risk" to the UK's financial stability. House prices in May were 11.1% higher than the same time last year, according to the Nationwide house price index. All UK...