LONDON (MNI) – UK Deputy Prime Minister Nick Clegg said this
morning that new moves to ease planning restrictions on house building
and alterations and to provide more help to house buyers as a ‘big set
of measures’ aimed at getting the economy moving.
In an interview with BBC Television, Clegg said that the UK was
suffering a “real crisis” in its construction sector but said there was
already some signs that some banks were starting to pass on the cheaper
funding costs provided by the Bank of England and Treasury in their
Funding for Lending Scheme which was launched at the start of August.
The new government measures are the latest effort to try and do
something at the margin to address the failure of the economy to recover
in response to monetary stimulus and to political calls for its
austerity policies to be diluted.
-London Bureau; tel: +442078627492; email: dthomas@marketnews.com
[TOPICS: MABDS$,M$B$$$,MFBBU$,M$$BE$]
