View more on these topics

BUDGET 2009 NEWS: Darling pledges £500m to kickstart housing sector

The Government has pledged £500m to aid the UK house building sector which has been crippled by the credit crunch.

Speaking at this year’s Budget, Chancellor Alistair Darling pledged £500m extra for the house building sector, which he says will help the development of thousands of new homes.

Of that £500m, £100m will be given to Local Authorities to produce more eco-friendly green homes.

Darling also pledged £50m to help modernise homes for members of the armed forces.

He said: “We need to help meet the housing demand and we have to work with the building industry to fight the restraints it is experiencing as a result of the credit crunch.”


Bank advisers singled out specialist fund

Examples of Barclays’ advisers placing a number of risk-averse customers nearing retirement in a single specialist fund, resulting in huge losses, have done little to alter IFAs’ impression of bank advice.

How QE is distorting the gilt market

By Mike Riddell The moves in gilts in August were truly exceptional. Volatility in the gilt market (based off 10-year gilt futures) has soared to close to the highest levels seen this millennium, on a par with the eurozone debt crisis of 2011/12 and behind only the global financial crisis of 2008/09. The first distortion […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment