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.
https://www.24housing.co.uk/news/potential-for-320bn-windfall-from-new-generation-of-social-housing/
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