Chancellor announces government investment in homes

Chancellor
Gordon Brown has announced increases in government spending – including a major
boost for schools and investment in homes for key workers

The
chancellor announced a house building programme to provide affordable homes for
key workers. He said it was the most sustained rise in the budget for housing
for 25 years and will see £5.9bn invested in building new homes – a 105 per
cent increase  in real terms since 1997.

Brown
said the rises would be tied to "reform and results".

Education
spending will rise 400 per cent in real terms by 2005/06.

Brown
also announced rises in the budgets for defence, transport, overseas aid,
farming and science.

Measures
will be put in place to sack bad managers and take over failing institutions if
the extra money is spent unwisely.

By Quentin Reade

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