Last week’s Spring Statement didn’t deliver much for housing.
The Chancellor’s announcement that £3 billion worth of government guarantees for loans to build 30,000 ‘affordable’ homes received plenty of positive coverage. But truly affordable social homes can’t be built on borrowing alone.
Government guarantees won’t go very far towards a solution for our housing crisis unless cheaper borrowing is accompanied by serious investment in capital grants for social housing at the next spending review (which we called for at the … Read more