Housing pledge: Theresa May told the Conservative Party Conference in Manchester that she was investing an additional £2 billion in to the affordable housing budget [Image: Matt Crossick/ EMPICS Entertainment].

Once again the Tories take money from one scheme to spend on another – all the time cutting back the chances that either will do any good. Hopeless.

Theresa May’s conference pledge to invest an additional £2billion is coming from a cut in spending on other house building programmes, it has been revealed.

The Prime Minister used her speech in Manchester in October to announce extra money would be pumped in to the affordable housing budget, as part of her drive to get “government back into the business of building houses.”

But HuffPost UK has discovered that tucked away in the Office for Budget Responsibility’s analysis of the Chancellor’s Budget last week is the truth about where that £2billion money is coming from.

It is not new money, and is instead being raised “by reducing spending on ‘accelerated construction’ and ‘starter homes’ across the four years from 2017-18 to 2020-21.”

Source: Revealed: Theresa May’s Extra £2billion For Affordable Homes Funded By Cuts To Other Housing Schemes


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