This is an intial response to May’s announcement on housing, as we await more detail.
On the morning of Teresa May’s speech government Minister Damian Green announced that there would be a “rebirth of council housing”. Yet when she spluttered her way through the sppech it was clear that the child was sadly dead on delivery.
The money available for “affordable housing” was only £2 billion, compared to £10 billion for Help To Buy. According to a Tory Party press release the £2 billion “could” be used to produce 25,000 homes over 5 years. Even assuming these were all council homes 5,000 is a puny amount which would make little difference to the housing crisis. It would not replace those homes lost to RTB. Sales are running at more than 12,000 a year in England. Between 2010-2017 57,677 were sold off. In addition, from 2010-2016 there were 20,300 council homes…
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