Phi Wire Hand Picked Politics - Live

  • Kevan Jones | We need a fundamental reassessment of Army 2020

    • source icon
    • 07:23
  • Lord Browne | Business has a role in driving progress for LGBT people

    • source icon
    • 07:05
  • Liberal shows like Mock The Week just can’t understand why Ukip has so many supp...

    • source icon
    • 17:34
  • Statement from @georgegalloway taken from George's #facebook page please read &...

    • source icon
    • 17:30
  • Steerpike | Jim Murphy – is Scottish Labour dyeing?

    • source icon
    • 17:27
  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

Press Release

Press Releases

Institute of Economic Affairs: Scheme to guarantee mortgages with pensions completely flawed

Responding to Nick Clegg's pension-backed mortgage proposals, Philip Booth, Editorial and Programme Director at the Institute of Economic Affairs, said:

"Giving youngsters the ability to guarantee ever-higher levels of mortgage debt using their parents' pensions is no substitute for a properly functioning housing market, with more housing development and lower house prices. We did not get into the current economic situation as a result of there being too few opportunities for people to run up debts guaranteed by others.

"Furthermore, the scheme to encourage youngsters to guarantee their mortgages in this way is likely to be useless and practically flawed. There are relatively few middle-aged people with reasonable levels of private pension in the UK and almost all people with a reasonable level of pension would have a house or other assets on which a child's mortgage could be partially secured if necessary. In addition, pensions are entirely illiquid until retirement. As such, if the government's plans go ahead, a huge amount of extra regulation will be necessary to facilitate this entirely unnecessary scheme."


Latest on Financial Services