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Councils 'need new housing power' Councils 'need new housing power'
(about 2 hours later)
The Liberal Democrats are calling for councils to be given powers to buy up unsold or repossessed properties, in an effort to ease the housing crisis.The Liberal Democrats are calling for councils to be given powers to buy up unsold or repossessed properties, in an effort to ease the housing crisis.
The party's autumn conference will vote on a scheme allowing local authorities and other social landlords to borrow against their assets to enable this.The party's autumn conference will vote on a scheme allowing local authorities and other social landlords to borrow against their assets to enable this.
The Lib Dem leadership also proposes more protection against "rogue doorstep companies" offering financial products.The Lib Dem leadership also proposes more protection against "rogue doorstep companies" offering financial products.
Other debates on Tuesday include those on transport and European policy. Other debates later include ones on transport and European policy.
'Irresponsible''Irresponsible'
Proposing the housing motion on Tuesday, Lib Dem Treasury spokesman Vince Cable is expected to blame "irresponsible levels" of lending for contributing to a growing number of home repossessions.Proposing the housing motion on Tuesday, Lib Dem Treasury spokesman Vince Cable is expected to blame "irresponsible levels" of lending for contributing to a growing number of home repossessions.
He will also attack the government for "making no attempt to deal with the housing bubble" which existed prior to recent price falls.He will also attack the government for "making no attempt to deal with the housing bubble" which existed prior to recent price falls.
Mr Cable will reiterate his call for a statutory code of practice for mortgage lenders and for all borrowers to be offered free financial advice.Mr Cable will reiterate his call for a statutory code of practice for mortgage lenders and for all borrowers to be offered free financial advice.
On Monday, the conference, in Bournemouth, voted to promise tax cuts for low and middle earners at the next general election.On Monday, the conference, in Bournemouth, voted to promise tax cuts for low and middle earners at the next general election.
The leadership says this can be funded using some of the £20bn it has earmarked for "efficiency savings" to public services.The leadership says this can be funded using some of the £20bn it has earmarked for "efficiency savings" to public services.
The autumn conference, Nick Clegg's first as party leader, lasts until Wednesday.The autumn conference, Nick Clegg's first as party leader, lasts until Wednesday.