Tuesday 13 March 2018

Housing Minister Open To Considering Changes To Borrowing Cap Policy


The housing minister has said he is open to considering changes to the government’s policy of lifting the borrowing cap only for certain councils. When asked by Liz Twist, a Labour MP on the Housing, Communities and Local Government Select Committee, whether the government has considered raising the cap for all councils, Dominic Raab said he does not have a “closed view” on the policy. In the Autumn Budget last November the government announced £1bn of extra borrowing capacity for those councils where housing demand is highest. But critics have said £1bn is not enough to build the number of council homes required. Read more on Inside Housing.

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