CML news & views
Issue no. 19 - 7 October 2008
Governments and central banks around the world have been working to restore confidence in financial markets, but there is a need for more concerted action. In the UK, the monetary policy committee has an opportunity to underpin consumer confidence on Thursday. And we need - as soon as possible - publication of the now overdue Crosby report to help re-build the wholesale funding of mortgages.
In this issue
Concerted action needed to restore confidence
The health of the financial system is now the over-riding priority, and the market environment is worsening. We now need concerted action in the UK to build on other initiatives around the world.
Growth in rental market underpins buy-to-let
The nationalisation of Bradford & Bingley has led "overwrought" commentators to pronounce the death of buy-to-let. But investors still have a wide choice of products, landlords are delivering choice for consumers, and the growth of the rental market is underpinned by strong long-term fundamentals.
Lenders welcome HomeBuy details
The government has unveiled more details of the HomeBuy Direct scheme. New-build developments qualifying for the scheme should be announced by the end of the year. And the aim is to open the scheme to home-buyers as soon as possible after that.
Goldsmith Williams joins CML as associate
Goldsmith Williams has joined the CML as an associate. There are now 158 members and 94 associates.
Editor's details
- Name:
- Bernard Clarke
- Tel:
- 020 7438 8923
- Email:
- bernard.clarke@cml.org.uk


