Helen Clark's embargoed speech on shared equity for homebuyers

The Government will launch a shared equity scheme in July as one of its measures to assist home buyers into their first home, Prime Minister Helen Clark will say in her statement to Parliament this afternoon.

The Prime Minister's Office has distributed this speech under embargo but it was leaked to the media.

The speech announces a new name, School Plus, (along with Cullens tax cuts named Sur Plus) for the education and training policy she announced in her state of the nation speech. New name because, like Cullens tax cuts announcements, the concept has gone down like a lead balloon compared with John Key's speech. Clark's policy means that all students must remain on some structured form of learning or training until the age of 18.