Clive Betts believes councils should be allowed to raise
their own money in order to build homes their communities need. Betts stated he
has “always been in favour of lifting the cap off the Housing Revenue Account”.
He said: “If we are going to have real local freedom then the housing revenue
account has to do that. Currently it is the only capital spending a local
authority does which isn’t governed by prudential borrowing. Let’s take the cap
off. The LGA and all local authorities have argued for that and I’d agree with
them.” However, he believes a major barrier to councils building again is the
loss of expertise in planning and housing development. Read more on 24housing.
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