Irish housing associations (‘approved housing bodies’) have had their finances reclassified so that they are part of local government, causing consternation in the sector at the threat of greater state control. This article is a response to this decision from a UK perspective, where housing associations recently faced a similar problem that has since been…
Theresa May’s announcement that borrowing caps on council housing investment will be removed was a big step in the right direction, and the issuing of draft regulations appears to confirm that the caps will be lifted at the end of this month. With reports of a Treasury fight-back, the concern was that restrictions could have…
Before parliament went off for its summer holidays, the housing minister Kit Malthouse said he was ‘at a loss’ to understand why councils don’t use their full borrowing capacity to build new homes. Always willing to help out a new minister, I’ll offer a quick guide to why this apparently lamentable situation has come about.
Jeremy Corbyn launched Labour’s affordable housing green paper last Thursday, promising one million new homes over ten years of which a significant number would be for social rent. The ambition was clear: funding will be restored to the level when Labour last held office, and councils will once again become “major deliverers” of social housing….
Reclassification of housing associations was an accident waiting to happen, but it’s wrong to let it determine what kind of regulation should apply to the sector. It’s ten years since Steve Wilcox in the UK Housing Review first warned of the possibility that housing associations could be reclassified as public bodies. At that time the…
There’s a strong economic argument for building more low-rent homes to address the massive shortage of housing according to a new report by Capital Economics for SHOUT (Social Housing Under Threat) and the National Federation of ALMOs. In fact there are two good arguments – that the capital investment boosts the economy and helps pay…
John Healey MP and John Perry We face a housing and cost of housing crisis greater than at any point since the aftermath of the second world war. Britain is not building enough new homes, and the accommodation that is available is increasingly unaffordable to millions of people. It is a measure of a nation’s…
A Whitehall-backed housing review has suggested councils could borrow from general funds if they have reached their Housing Revenue Account borrowing cap. But would such an approach make sense? When Natalie Elphicke and Keith House launched their new report on local authorities’ role in house building last week, they called on councils that have reached…
Network Rail rejoins the public sector today, but for statistical purposes only. Wouldn’t it make sense to follow the example of other countries and take it back properly into public control? Today Britain’s rail infrastructure passes back into public ownership: not through any political intent but solely because the Office for National Statistics decided it…