At the National Housing Federation finance conference in
Liverpool Waqar Ahmed, group director of finance at L&Q, said the
government could “by a switch of their pen” scrap the 1% rent cut in 2019/20
and this would generate £2bn for the sector to help pay for fire safety work.
David Orr, chief executive of the National Housing Federation, said the sector
had “heard a lot of noise” from government but seen “very, very little concrete
action”. He added: “It’s very difficult to point to something and say as a
result of Grenfell the government has done this.” The government could decide
not to charge VAT on fire safety work carried out by landlords, Mr Orr said.
Read more on Inside Housing.
Eight in 10 homes in London’s poshest postcodes now sell below asking
price, Coutts finds
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Sellers in areas such as Belgravia and Mayfair face hundreds of thousands
of pounds in losses as property prices fall
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