Financial Times FT.com

PM urged to take control of builders

By Jim Pickard

Published: October 18 2008 04:31 | Last updated: October 18 2008 04:31

Gordon Brown has been urged by senior Labour MPs to nationalise parts of the housebuilding industry in the wake of this week’s rescue of the big banks.

Jon Cruddas, who recently declined the post of housing minister, pushed for state intervention in the housing industry, arguing there was a case for wholesale nationalisation.

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