Treasury Says Spending Review Will Focus On Housing

HM Treasury has announced it will focus on providing housing support and pump money into core public services in its next spending review. Elizabeth Truss, chief secretary to the Treasury, said this year’s spending review, which sets budgets from 2020 to 2023, would tackle the UK’s restrictive planning system where people which led to people spending a greater proportion of their income on housing than ever before. In a speech, she said: "In 1947 people were paying less than an eighth of their total expenditure on housing, now it’s over a quarter. And people who rent in London are spending half their income on rent.” Read more on the FTAdviser website.

https://www.ftadviser.com/your-industry/2019/03/20/treasury-says-spending-review-will-focus-on-housing/