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A roof over your head, it's a pretty basic requirement in life. But for many people living in big cities, it's a tall order. From New York to London to metropolises around the world, housing is a big economic and political issue. Here in the UK, speaking in Parliament on Wednesday this week, the country's finance minister George Osborne acknowledged the UK's growing housing crisis.
Today we set out our bold plan to back families who aspire to buy their own home. First, I am doubling the housing budget, doubling it to £2 billion a year. And we will deliver, with government help, 400,000 affordable new homes by the end of the decade, and affordable means not just affordable to rent, but affordable to buy as well. That is the biggest house-building programme by any government since the 1970s.
The Chancellor of the Exchequer George Osborne in Parliament on Wednesday. Well there's no such plan in Ireland, even though the country and Dublin in particular, is facing its most severe housing shortage in modern history. Ireland's national broadcaster recently reported that the rate of increase of property prices there is the second highest in the world. |