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Government pledges £1.4bn for new homes

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  • 29/07/2002
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Affordability problems facing key workers trying to buy a home were highlighted by the Government's ...

Affordability problems facing key workers trying to buy a home were highlighted by the Government’s Spending Review, with £1.4bn promised to fund quality, affordable housing.

According to Halifax economist Martin Ellis, earnings are failing to keep up with house price increases for the majority of public sector workers. With so many key workers and first-time buyers being frozen out of the property market, will the Government’s measures go far enough to dampen the ongoing crisis, or do lenders need to come up with new funding solutions if a long-term answer is to be found?

l Turn to news analysis on page six.


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