Ed Balls
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Shadow chancellor wants 4G to fund 100,000 new homes

Shadow chancellor Ed Balls has called for 100,000 new affordable homes and a two-year stamp duty holiday for first-time buyers to kick-start the economy.

He said the £3bn to £4bn funding should come from the 4G mobile spectrum sale.

Mr Balls used his speech to Labour's conference in Manchester to stress the need for "urgent" action on growth.

The BBC's political editor, Nick Robinson reports.

  • 01 Oct 2012
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