Help to buy scheme to close this year, Treasury confirms

'Specific purpose successfully achieved'

Carmen Reichman
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Help to buy scheme to close this year, Treasury confirms

Chancellor Philip Hammond is to close the former government's help to buy scheme by the end of this year, saying it had "achieved its purpose".

In a letter to Bank of England governor Mark Carney, Hammond (pictured) said the scheme was "introduced with a specific purpose that has now been successfully achieved", insisting it was always due to...

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