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PMs fightback includes more property relief
In lively debate in the commons Gordon Brown has given details of his attempt to redirect the current political agenda and wrestle some control into the news that he and the party is attracting.
Using the draft Queen’s Speech to outline his attempt to “create greater economic prosperity and deliver a fairer Britain” the PM also announced his intentions in relation to the property industry.
£200m will be redirected into the purchase of unsold new homes so that they can be rented back to social tenants or put into shared ownership.
£100m will be put into shared ownership schemes to allow more first time buyers to buy homes on the open market.
In addition to the funding he announced a move to allow all first time buyers to access shared equity housing subject to an income limit.
