A MILLIONAIRE Labour Lord has blamed the introduction of a rent freeze by the Scottish Government for his decision to put “on hold” a £1 billion housing project.
Lord Willie Haughey had previously announced his intention to build 11,000 homes for “young hard-working families” in an attempt to help with the housing crisis.
However Haughey stated that the houses would be for rental only because “the whole idea is that renting is better than having a mortgage – you can save equity in cash over the month rather than having bricks and mortar.”
