Chancellor George Osborne announced his latest round of cuts
during a Spending Review statement to the House of Commons on 26 June. In terms of housing, the Spending Review includes a
Government commitment to a 'significant package' of capital spending on housing
amounting to £3 billion - the finer details of which will be set out in a
forthcoming document called 'Investing in Britain's Future'. This includes,
'certainty that social rents will increase by CPI plus 1 per cent a year from
2015-16 to 2024-25.' Mr Osborne announced the introduction of a local growth
fund, to be distributed through local enterprise partnerships, which may be
worth £10 billion over five years. Read
more on the HouseMark website.
No comments:
Post a Comment