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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 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. |