Looser loan rules for first-time-buyers and scrapping £100 contactless payment limit among options...

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Looser loan rules for first-time-buyers and scrapping £100 contactless payment limit among options...
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Financial regulators could hand lenders more scope to back 'responsible risk-taking'.

Looser loan rules for first-time buyers are among the moves being mulled by Labour to boost growth, it was revealed today.Ditching the £100 limit on contactless payments in a bid to free up spending is also said to be on the table.

Official figures yesterday showed the UK economy effectively flatlining - with a bare 0.1 per cent growth in November failing to offset dips in previous months She said while some of the regulators' ideas were 'promising' there needed to be 'greater ambition and urgency to drive economic growth', according to The Times.

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