Theresa May’s policy for a revival in council
housebuilding will not deliver a single new home in more than half of the local
authorities in England. The prime minister announced a major change that will
see the government scrap restrictions on how much councils can borrow to fund
housing. However, ministers have admitted that less than half of councils have
the type of account that will allow them to increase their borrowing. Only 160
of the 326 councils in England with responsibility for housing have housing
revenue accounts (HRAs). Councils set to miss out on the potential funding
boost include several with some of the longest housing waiting lists in the
country. Read more on the Independent website.
Sunak claims defence spending plan won’t affect government’s ability to cut
taxes – as it happened
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