‘Looming over the whole of the housing budget, especially those parts that have yet to come on-stream, is of course the referendum result and its likely effects both on the public finances and on the housing market itself. Brandon Lewis would have been received more warmly at this week’s Housing 2016 conference in Manchester if he’d been honest and said that an extra one million homes was the target, but he now simply has no idea if it can be delivered and, indeed, whether the £40 billion plus stimulus package can be maintained. To repeat an over-used cliché, we are in uncharted waters: how long before the government’s housing budget shares the fate of many other projects that the FT thinks are now likely to be ditched?’
More on Housing policy – especially post-Brexit.
More than £42 billion of government money to prop up the private housing market, and just £2 billion invested in affordable rented housing: even before Brexit this looked like a huge distortion, now it simply looks absurd. Most readers of Red Brick will undoubtedly be focussed on wider political issues than housing finance just at […]