16 Oct

HBF in call for more government action

HBF in call for more government action

The government should follow up its recent banking bailout with further action to help the property industry, a conference has heard.

Speaking at the sixth annual Housing Market Intelligence Conference, the executive chairman of the Home Builders Federation (HBF) Stewart Baseley said the government needed to take action to ensure the level of mortgage lending now rises.

Another necessary move will be a further interest rate cut, he argued.

Mr Baseley welcomed the appointment of new housing minister Margaret Beckett - who was at the conference - as a move that could help the industry, describing the former cabinet minister as a "heavyweight" and "exactly the sort of person we need on board at this time".

The minister used the event to make her maiden speech in the role, praising the work the HBF has done in the past to help the government establish schemes to aid first-time buyers and pledging to listen to the ideas and concerns of its members during her tenure.

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