Theresa May’s extra £2 billion for affordable homes funded by cuts to other housing schemes | Huffington Post

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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2 thoughts on “Theresa May’s extra £2 billion for affordable homes funded by cuts to other housing schemes | Huffington Post

  1. hugosmum70

    are these homes to buy she is talking about building? if so ….why ? people cant afford to buy and even if they could are scared to commit because with the conservatives no one knows who is next to be hit by their policies. its not just the homeless or those in social houses that things can happen to. this could be the last day someone feels safe in their job cos tomnorrow their boss may announce redundancies or complete closure,bancruptcy or moving abroad,.so they could land up with no job therefore no or not enough money to even pay the interest on that morgage. i am surprised there are still banks etc willing to give mortgages etc as things stand right now. right to buy means nothing if in the next few weeks you lose your job..

  2. NMac

    The “Magic Money Tree” of course is purely a private fund for Tories personal use only. How dare the working class think that they should feel the benefit of just a tiny twig from the “Tree”.

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