The big news last week was the sudden planned withdrawal of the Funding for Lending Scheme, (FLS) from mortgage finance. If you recall this was one of the first Government incentives that allowed lenders to access cheaper funds from the Government providing they lent this out to borrowers.
Some reports reckon this has helped to reduce mortgage rates by around 1% at least since its introduction.
Whilst this news seems to have come out of the blue, given the way that the housing market has been reacting of late it is not quite such a big surprise. This type of aid has to end eventually and focussing on the small business sector which requires more assistance is a sensible move.