Nick Clegg: Carney right to warn over housing boom

The government's Help to Buy scheme could be "pared back" if the Bank of England believes the housing market is overheating, Nick Clegg has said.

The deputy prime minister was speaking after Bank governor Mark Carney warned of the dangers the booming market posed to long-term financial stability.

Mr Clegg told the BBC's Andrew Marr: "I think if he says that we need to pare back on some of the government schemes like Help to Buy, then I think we should do so."