It appears a preservation order has been granted for the money trees in Mrs May's back garden.
This heavily subsidised attrition of social housing has to stop. I cant help wondering if Labour had abolished RTB in its early years of office (substituting a Help to Buy for tenants migrating to home ownership) whether the Tories would have re-introduced it
“There are no strings attached.” but perhaps there is a time lock! I have read that it will not be until 2021 - 22 when councils will be able to borrow to build and when building will actually commence is the subject of some uncertainty and as yet unbottomed lead times. It should not be forgotten that the house building sector has been scaled to deliver around 140,000 to 160,000 dwelling pa since early 2000's. If councils and the government want to see 200,000 pa there must be a national plan to train more in the building trade - i.e. generous apprenticehip schemes and much more funding for FE - vocational education.
Comment on: PM pledges to scrap HRA borrowing cap
Dare I suggest this could all end in smoke and mirrors! When exactly will the cap be lifted and under what terms and conditions given Hammond is an honours graduate of the Micawber school of public finance. I have read that it will not before 2021/22 which means that not until the middle of the next decade will tenants be moving in. Meanwhile, housing stock continues to be ravished by RTB.
Sam Rumens exposes what is going on here and the activities of the local M.P.'s. They are trying to make out there is not a crisis in local government finance induced by over 8 years of austerity. Unfortunately, Northants is not the only choking canary in the toxic coal mine of council finance. It seems that East Sussex, Shropshire and Somerset are headed to the Northants denouement!