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Help to Buy is 'mistaken,' economist claims

21 March 2014 Last updated at 11:38 GMT

A former Monetary Policy Committee member has branded the UK's Help to Buy scheme "largely mistaken."

Adam Pozen, the current President of the Peterson Institute in Washington, said it was "pumping up credit" for the sake of upper and middle class people.

Speaking with BBC Radio 5 live's Wake Up to Money, Mr Pozen claimed he would "much rather see" the government ease up planning rules to allow for more house building.

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