Labour pledges extra £3bn to build 100 000 houses

Published:  01 October, 2012

MANCHESTER: Labour will use a £3bn windfall from the sale of the 4G mobile phone licences to directly fund the building of an extra 100,000 homes.

Shadow chancellor Ed Balls will today also reveal plans for a two-year stamp duty holiday for first time buyers to get the housing market moving again.

The proposed stimulus package shows there is now consensus among all political parties that 100,000 new homes are needed to tackle the deepening housing crisis.

While the government hopes to deliver the homes with £10bn of loan guarantees, Labour is banking on winning votes with a directly funded house building programme.

Balls will unveil his plans at Labour's party conference in Manchester under the slogan Rebuilding Britain.

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight


Builders Merchants Vacancies – UK Wide

At Arco, we are an industry specific recruitment consultancy, providing sales and managerial staff Nationwide to Merchants, Distributors and Manufacturers of Building Materials within the Construction Sales Sector. Priding ourselves on our unparalleled customer service and hard work, we offer a fresh, innovative and personal approach to recruitment specifically designed to meet our clients’ needs and candidates’ skills.

Guest Blog by Simon Damp

Is DIY a lost art?

As time goes by, the art of do-it-yourself when it comes to activities around the home and garden is fast becoming more and more of a lost art.