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Osborne Says Help-to-Buy Won’t Create U.K. Housing Bubble

U.K. Chancellor of the Exchequer George Osborne defended his program to boost home ownership, rejecting concerns that it may create a house-price bubble.

“It’s a three-year scheme,” Osborne told Parliament’s Treasury Committee in London today. “I don’t want to create uncertainty that it might suddenly end early. It’s hard to see given the current financial climate that it would fulfil the fears that the committee has expressed.”