UK govt announces details of £7 billion house building priority programme

The UK government has announced a £7 billion programme to make house building a priority which includes more than 400,000 affordable homes. Chancellor George Osborne called it the biggest affordable housing programme since the 1970s when he made the announcement as part of his Autumn financial statement. It will include £2.3 billion paid directly to developers to build 200,000 starter homes aimed at first time buyers. They will be offered at a 20% discount on prices up to £450,000 in London a...