Ed Balls: 4G revenue 'to kick-start economy'

Ed Balls (left) goes through his speech with Ed Miliband at their conference hotel in Manchester Credit: Dave Thompson/PA Wire

The proceeds of selling off 4G mobile phone licences should be used to "kick-start the economy" by building 100,000 affordable homes and a tax break for first-time buyers, shadow chancellor Ed Balls will say.

But he will put pressure on Chancellor George Osborne to ease his austerity programme by using the expected £3-£4 billion windfall from the sell-off next year of the superfast internet spectrum to boost the housing market and construction jobs.