Clegg insists that Britain has means to prevent another house price bubble

Nick Clegg, Britain’s deputy prime minister, has said that the UK is nowhere near a house-price bubble and the Bank of England has tools to prevent it, amid growing concerns that government support for home-buying is stoking another boom.

If there’s another bubble, the Bank of England and the government “have means by which we can anticipate that and make sure it doesn’t happen again,” Mr Clegg told the BBC.

Britain is nowhere near yet the peak of that un-sustainable housing bubble, he said.