Andrew Stunell MP: The announcement on 24 May set out the immediate savings of over £6 billion that needed to be made. Housing budgets for 2010-11 are also subject to the provision of end year flexibility. The Chief Secretary to the Treasury announced on 17 June that he is reviewing the affordability of a range of end year flexibility agreements made by the previous administration, and an announcement on the outcome of this is expected shortly. A full review of housing projects will be undertaken, once the final funding position for 2010-11 is clear.
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