Government Accused Of Wrecking Plans To Build More Social Housing

The government has been accused of “trashing” plans to build more social housing across the UK after it imposed a shock interest rate rise on cheap Treasury loans. Councils reacted with frustration to the one percentage point increase on public works loan board (PWLB) finance, which was imposed “out of the blue” this week, warning it could delay or scupper housebuilding and regeneration schemes. They said rise would lead to fewer council homes being built, and would reduce local authorities’ ability to build and maintain schools, roads and waste facilities, and invest in commercial property. Read more on the Guardian website.

https://www.theguardian.com/society/2019/oct/11/government-accused-wrecking-plans-build-more-social-housing