Daily Archives: April 3, 2012

Jim Pickard

A committee of MPs is set to publish a report criticising two former News International employees, Colin Myler and Tom Crone, for misleading evidence given to Parliament three years ago.

Mr Myler, former editor of the News of the World, and Mr Crone, the newspaper’s former legal manager, will be accused of failing to disclose their awareness of the full extent of phone hacking at the paper when appearing at the culture select committee in 2009.

But the committee of MPs is still deliberating over James Murdoch ahead of the report’s target publication date at the end of April, just days after he appears at the Leveson media inquiry. 

Jim Pickard

David Cameron’s relaunched “Right to Buy” scheme is ambitious, but do the numbers quite stack up?

The first question is whether tenants will be unable to get a mortgage to buy their own home in the wake of the credit crunch.

Ministers have suggested that millions of social tenants will be able to get on the housing ladder under the new scheme, which gives much bigger discounts of up to £75,000 to potential buyers.

But only a “small proportion” of these will be able to borrow a mortgage given that fewer than 20 per cent of tenants are in full-time employment, according to Richard Donnell, head of research at Hometrack, the property group analytics business.

The Financial Service Authority’s mortgage market review last December highlighted previous Right to Buy borrowers as the most likely to experience arrears or respossession, meaning that banks will be much less likely to lend to them. That reluctance has been even more