Daily Archives: October 19, 2008

Jim Pickard

It has been described by one former cabinet minister as the ultimate Keynesian move  – the nationalisation of the housebuilding industry.

Frank Dobson, former health secretary, said this would be a way of spending money to create “useful wealth”. ”I think he [Mr Brown] has got an appetite for this. He is attempting to minimise the impact on everyone else from banking lunacy and he’ll be looking for anything practical.”