Treasury committee chairman Andrew Tyrie has shown support for the Chancellor's scrapping of the help to buy mortgage scheme, saying it "will not be missed".
New Chancellor Philip Hammond said in September he was going to close the previous government's help to buy scheme by the end of this year after it had "achieved its purpose". Tyrie (pictured) said: "This is welcome news. The help to buy mortgage guarantee scheme will not be missed. The Treasury committee identified a number of problems with it, not least that it would inflate house prices and create a substantial liability for the taxpayer." Help to buy was launched by Osborne in his 2013 Autumn Statement designed to get more people on the housing ladder. It meant that buyers only...
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