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 view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts