4G

Kiran Stacey

One of Ed Balls’ big announcements during his speech on Monday was his call for the government to use £4bn of the money from the auction of the 4G mobile phone spectrum to build 100,000 affordable homes.

Even before he spoke, the Guido Fawkes blog was speculating that the shadow chancellor may have been tipped off that the government was going to do exactly this, and wanted to get out ahead of them and look like he was setting the agenda. According to Guido:

It’s well known that Balls still has ‘people’ inside the Treasury and there is plenty of speculation doing the rounds that he had got wind of the 4G auction goodies fund and has pulled a fast one on the chancellor.

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