GORDON BROWN launched his political fightback today with plans to
buy unsold homes to help poor families into good properties.
Some [pounds]200 million of taxpayers' money will be used to
scoop up newly built properties that developers have been unable to
sell.
Only an estimated 1,000 homes could be bought, but the symbolic
aim is to show the Government is "on the side" of aspiring young
families desperate to get into good quality homes.
It could also give a minor boost to the ailing property market by
clearing excess supply.
Some of the homes would be made available to low-income families
to buy under the shared equity scheme that permits young people to
buy a share and pay rent on the ...