Privatising housing associations would be “the most
obvious” government reaction to £60bn of debt being added to the national
balance sheet, an influential think tank has warned. Chris Walker, head of housing
and planning at Policy Exchange, said nationalisation of housing associations
followed by a state sell-off into the private sector could become “a serious
option” if the Office for National Statistics (ONS) decides to reclassify
housing associations as public bodies. Mr Walker said: “The government does not
want to be in a position where it is keeping that debt on its balance sheet. If
it is relaxed, it must feel it has got potential to move that money off the
balance sheet, which suggests it has got a plan.” Read more on Inside Housing.
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