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"A host of independent economists have criticised the Coalition’s decision to push ahead with a controversial mortgage guarantee scheme.
"George Osborne confirmed on Monday that the Help to Buy subsidies, which will offer state insurance for 15 per cent of the value of new mortgages, will be put into operation next week. The scheme was originally not scheduled to be introduced until January. 'We are the party of home ownership and we’re going to let the country know it,' said the Chancellor.
"But writing here in The Independent today, figures affiliated to institutions ranging from the Trades Union Congress to the Institute of Economic Affairs call on the Chancellor to reverse course."