Time to look at 80% LTV caps, says former cabinet secretary.

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      The article reports that Lord Gus O'Donnell, former cabinet secretary in Great Britain, has asked the British government to focus on the plans to introduce a loan-to-value (LTV) cap to control individual borrowing. During an interview with the Financial Times, he said that they should follow the example of Canada which has implemented some successful rules and established some successful banks.