Labour considers house price inflation target for Bank of England

Housing spokesman looks at giving Bank power to curtail
availability of mortgages

The Bank of England could be set a target for house price
inflation under plans being explored by the Labour party, with
tougher powers to restrict mortgage lending to close the gap
between property prices and average incomes.

The shadow housing secretary, John Healey,
is considering whether, under a Labour government, the Bank should
be set an explicit target following a decade of runaway growth in
the property market, with the aim of tackling the housing
crisis.

Source: FS – All-News2-Economy
Labour considers house price inflation target for Bank of England