Posts tagged Labour
Shadow chancellor Ed Balls has called for the building of 100,000 affordable homes that will boost the economy and create hundreds of thousands of new jobs in the construction industry.
Today’s announcement comes as the shadow chancellor used his keynote speech at the Labour Party Conference in Manchester to demand radical measures to kick-start the economy and increase infrastructure spending.
Ed Balls said that a windfall of up to £4 billion is to come from the sale of the 4G mobile phone spectrum. This money could be used to fund the building of more affordable homes which will boost the trades and help people get on the property ladder.
Mr Balls said: “Let’s use that money from the 4G sale and build over the next two years 100,000 new homes – affordable homes to rent and to buy – creating hundreds of thousands of jobs and getting our construction industry moving again.”
According to the shadow chancellor, plans to boost long-term investment and skills are the only way to rising living standards and getting people into employment.
He said: “Conference, a clear and costed plan to kick-start the economy and get people back to work is to build the homes that we need now and for the long-term, building our way out of recession and re-building Britain for the future.”
What is your reaction to the proposal by the shadow chancellor Ed Balls to use the £4 billion from the 4G mobile phone network sale to build 100,000 affordable homes and boost the economy? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.
Nick Clegg has announced plans to give some of England’s biggest cities new powers and extra cash in an attempt to boost employment and restore economic growth, the BBC reported today.
During a visit to Yorkshire, the Deputy Prime Minister revealed the government will transfer more economic controls to local authorities under city schemes which he called ‘groundbreaking deals… freeing cities from Whitehall control’.
Extra powers will be given to the cities of Birmingham, Bristol, Newcastle, Leeds, Nottingham and Sheffield as deals for Liverpool and Manchester were already agreed earlier this year.
Deputy Prime Minister Clegg said: “Everyone in these eight core cities will feel the benefits – from young people looking for jobs, to businesses looking to expand.”
Under the current system, councils running England’s major cities have to lobby central governments if they want additional investment to fund major infrastructure projects.
However, under the new city deals, guaranteed funding will be provided for the city authorities to spend as they choose. This is expected to will cut red tape and make it easier for businesses to deliver major development projects in the future.
Hilary Benn, Shadow Communities and Local Government Secretary, said: “Labour strongly supports local communities being given more powers – indeed I have been calling for this for some time.
“These city deals represent an important victory for local people and local government. And many people think that local government will do a better job at looking after their local economies and boosting skills than the Tory-led government is doing nationally.”
If you live in Birmingham, Bristol, Leeds, Newcastle, Nottingham or Sheffield, how do you think the new deals could help you/ your business? Share your thoughts by commenting here or raining your voice on our Facebook page.