The sale of 4G mobile spectrum should be used to create affordable housing and provide funding for newcomers to the housing market.

Shadow chancellor Ed Balls announced at the Labour party conference said that the expected revenue of £3-4 billion from the sale, should be invested in creating 100,000 new affordable properties, saying:“So with this one-off windfall from the sale of the 4G spectrum, let's cut through the dither and rhetoric and actually do something.”

Invest in construction would also provide work for the building industry, helping to slow the fall of jobs in construction.