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Finance Latest News: Britain's Osborne Plans Three Billion Sterling Boost for Affordable Housing


British finance minister George Osborne said that Britain will invest an additional 3 billion pounds ($4.62 billion) in affordable housing in 2015. Rapid house price inflation over the past two decades has made it hard for young people to get on the housing ladder, and a lack of local authority homes has led to long waiting lists. "We're committing over 3 billion pounds capital investment in affordable housing and we will extend the Troubled Families Program to reach 400,000 more vulnerable families who need extra support," Osborne said.

After spending 4 seasons on The Good Wife, Julianna Margulies is no stranger to the inside of a court room. But now, the attorney actress will be sitting as a defendant for REAL following accusations from her ex-management firm, D/F management, of not paying them $420,000 in commission fees after they helped land her the role of Alicia Florrick on her current CBS series, as well as a deal to be a L'Oreal spokeswoman.

U.S. stocks rose solidly, partially recovering from recent steep declines as strong data pointed to improvements in the economy.