Dan Peters 05 December 2013

AS2013: Osborne fails to remove housing borrowing cap

Chancellor George Osborne announced an increase in the Housing Revenue Account borrowing limit in today’s Autumn Statement.

Mr Osborne ignored a call from councils to remove the cap entirely and instead agreed to increase the limit by £300m.

Other measures in the statement included unblocking £1bn of loans to unblock large housing developments in cities like Leeds and Manchester, and encouraging councils to sell off the most expensive affordable housing to build more.

Mr Osborne said: ‘We need to do more [on housing].

‘We want a functioning, stable housing market.’

The statement followed the Government’s announcement yesterday to speed up the delivery of new homes by cutting down unnecessary planning processes.

Black hole spending review image

Black hole spending review

Jonathan Werran, chief executive of Localis, reflects on what the Spending Review means for local government.
SIGN UP
For your free daily news bulletin
Highways jobs

Procurement Manager

Essex County Council
£46388.0000 - £54573.0000 per annum
Procurement ManagerPermanent, Full Time£46,388 to £54,573 per annumLocation
Recuriter: Essex County Council

Youth Officer (CDC)

City Of Doncaster Council
Grade 7, £27,259 - £29,955 (Pay award pending)
The City of Doncaster Council is a confident, ambitious organisation Doncaster, South Yorkshire
Recuriter: City Of Doncaster Council

Social Worker - Assessment & Intervention Mid Essex

Essex County Council
£37185.0000 - £50081.0000 per annum
Social Worker - Assessment & Intervention Mid EssexPermanent, Full Time£37,185 to £50,081 per annum Location
Recuriter: Essex County Council

Director – Housing Services

Redbridge London Borough Council
£Competitive
Are you ready to lead transformative housing services in one of London’s most ambitious and diverse boroughs? Redbridge, London (Greater)
Recuriter: Redbridge London Borough Council

Executive Director – Place, Communities and Enterprise

Redbridge London Borough Council
£Competitive
Are you ready to lead one of London’s most ambitious place-shaping agendas? Redbridge, London (Greater)
Recuriter: Redbridge London Borough Council
Linkedin Banner