Sir Mervyn King warns about 'Help to Buy' scheme

The Bank of England governor discusses the UK's modest economic recovery and the need for further action to ensure sustainable growth. He expresses concerns about the Help to Buy scheme, warning against its potential long-term implications on the mortgage market. The transition of leadership to Mark Carney is highlighted, along with the challenges he will face in maintaining economic health.

What is the governor's stance on the permanence of the 'help to buy' scheme?

Who will take over from Sam Ervin, and what will be his challenge?