Clegg Promises to 'Break Taboo' On State Support for Housing

State money should be used to support construction by councils and housing associations, the deputy prime minister has said.  In an interview yesterday, where he outlined the Liberal Democrat’s position on the economy, Nick Clegg said: ‘Let’s break the taboo, certainly that exists in the Conservative party, of doing the necessary to build the houses we need. This is now emerging as one of the big long-term structural problems with the economy. Not only is it unfair because it prices young people out of the market altogether, it’s actually a threat to the systemic stability of our financial system.’ The deputy prime minister said he would use state funding to build 300,000 homes a year. Read more on the Bloomberg website.