Skip to content
Subscriber Only

Hair-of-Dog Policy Risks U.K. Housing Boom Repeat, Turner Says

Britain risks repeating the debt-fueled binge that led to the credit crisis as the government relies on a hair-of-the-dog remedy for the economy, said former Financial Services Authority Chairman Adair Turner.

“We had a fantastic party, we got a whacking great hangover, and we’ve decided that the best cure is a really stiff drink,” Turner said in an interview in Singapore on Oct. 25. “Which is the same all over again -- get the housing market going again.”