Thousands Of New Homes Could Be Axed Under Government Cuts

More than half a million affordable homes could be axed from the Government’s building plans if earmarked public spending cuts are implemented, The National Housing Federation said. The NHF said figures set out in the Pre-Budget Report imply spending cuts to the housing budget of 17.98%, which if implemented over the next decade, would slash the planned number of new affordable homes by 556,000. The Federation also warned cuts of 17.98% over the next 10 years would also lead to 278,000 jobs and apprenticeships in the construction industry, and the wider economy, either being lost or not created. Read the full story on the NHF website.