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More leaks from the Treasury as budget day looms

As we approach budget day it has been revealed, via well-planned leaks from the Treasury, that Alistair Darling has put aside an extra £1 billion to support the construction industry in the UK. This is a sector which has literally died a death over the last 18 months with tens of thousands of jobs lost and companies going bust on a daily basis. So what can we expect from Alistair Darling's support plan?

It has been revealed that the government is set to announce a restart development fund which will see the authorities taking stakes in various construction projects around the UK which had stalled due to the recession. Significant money will also be put aside for local authorities to increase "social housing" with an extra fund also set to be announced to assist those who are struggling to pay their mortgages.

Those who have followed the various announcements from the Treasury over last few months will be well aware that a mortgage protection scheme was announced some time ago, so whether we are hearing a revamp of the announcement remains to be seen. Figures such as £1 billion grab the headlines but so far the government has been very shy in coming forward with the funds required. Will this time be different?

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