Friday, 15 October 2010

Council House Building Report

The Local Government Association has published a report which shows how councils will be able to use the money they earn from rent and sales to pay for thousands of desperately needed new council homes. Councils could spearhead a resurgence in the construction industry by delivering up to 100,000 new council homes over the next decade – as long as they are given real independence to manage their own housing budgets. According to the report, the number of new council houses built could be increased at least 20-fold under a more localised system, at the same time creating thousands of new jobs in the building industry.  However the LGA is warning that town halls' efforts to get Britain building again risk being crippled if the Government imposes unreasonable levels of debt on them or introduces further restrictions on borrowing in the forthcoming Comprehensive Spending Review.  Download a copy of the report by clicking on the LGA logo below.

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