Reading council’s ambitious plan to build 1,000 council
houses over 30 years has been cut back to just 78. The business plan to start
the scheme was drawn up by Reading Borough Council through its housing revenue
account in April and demolished by Chancellor George Osborne in July in his
emergency budget. The chancellor’s rent reduction for council and social
housing tenants of one per cent per year for the next four years - intended to
cut the housing benefit bill - meant the figures for 1,000 homes no longer
added up. Read more on the Get Reading website.
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