Housing Benefit

Housing: 'We don't need the government'

BBC Radio 5 Live

City of Oxford
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Wake Up To Money speaks to Nigel Wilson, the chief executive of insurance and investment giant Legal & General.

His company is investing £4bn in Oxford where it will develop thousands of new homes, as well as research and office space with the university.

"It's a fantastic collaborative partnership between the University, the city and business. We don't need central government to do this, we can just get on and make these sorts of deals and transactions, which are hugely beneficial to the local economy, pretty much anywhere in the UK."

"Everywhere you go there's underinvestment, whether it's the transport, the housing, the education, it's all the same stuff in every city and Legal and General has been very fortunate so far in that we've been able to... change the face of many cities across the UK."

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