Clegg Pledges to Borrow to Build Houses

U.K. Deputy Prime Minister Nick Clegg pledged to borrow money to build homes as he sought to “break the taboo” over state support for housebuilding.

The money could be spent buying land or supporting construction by housing associations and local councils, Clegg said in an interview yesterday after a speech in which he outlined the first elements of his Liberal Democrat party’s economic platform for next year’s election.