Labour to use 4G phone money to boost first-time buyer housing market

Labour to use 4G phone money to boost first-time buyer housing market
 

The billions of pounds raised from the sale of 4G mobile licences will be used to help young people get on the property ladder, shadow chancellor Ed Balls will pledge. It will provide £500million to spare first-timers paying stamp duty on properties worth up to £250,000. The rest of the cash - another £2.5billion - will be spent on building 100,000 more affordable homes. Mr Balls will tell the Labour party conference: ‘With 119,000 construction jobs lost in two years and a 68 per cent fall in the number of affordable homes being built, we need bold and urgent action now.' Labour wants to... read more

 
30 September 2012 in Hot News, Views: 4
Source: Metro
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