By Richard Hook2018-10-03T13:12:00
Theresa May has said the government will lift the cap on how much money councils can borrow to build new homes in her keynote speech to the Conservative Party Conference in Birmingham.
The prime minister acknowledged that councils had made a big contribution to housing “the last time Britain was building enough homes” but that the borrowing cap was now “holding many of them back”.
“Solving the housing crisis is the biggest domestic policy challenge of our generation,” May said. “It doesn’t make sense to stop councils from playing their part in solving it. So today I can announce that we are scrapping that cap.”
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.
Registered users and subscribers SIGN IN here to continue
Site powered by Webvision Cloud