Sunday 4 November 2018

Potential For £320bn Windfall From New Generation Of Social Housing


Councils could generate £320bn for the country’s economy over the next 50 years if they were able to build a “new generation” of high-quality council housing, the LGA says. Analysis examining four different future economic scenarios demonstrates how new social housing will deliver huge gains to tax payers. Even the worst-case scenario referenced by the LGA still results in a £10bn return. LGA chair Lord Porter said the findings offered the Chancellor the chance to go beyond lifting the borrowing cap and deliver “once-in-a-lifetime change” to benefit thousands across the country. Read more on 24housing.

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