A new UK policy to guarantee bank mortgages is designed to help consumers, not lenders, the country's finance minister insisted today in the face of accusations from lawmakers. The state backing, revealed in last week’s budget plans (see here), is designed to boost home ownership rather than provide products in the
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Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.