Homelessness, Housing, Skills, Welfare to Work

Housing cuts mean more homelessness: and it’ll cost jobs

Analysis by Shelter shows that for every pound cut from public investment in housing, the wider economy will take a hit of at least £3.50.

As the Treasury prepares to announce deep spending cuts across government, Shelter is warning that £610 million of funding for new homes this year is at risk.

This, coupled with the £150 million of cuts to housing announced by the Chancellor in May, will mean 12,625 less homes built, 19,000 job losses and a cost of £2.7 billion to the economy.

Campbell Robb, (remember Campbell?  formerly of NCVO, then the Cabinet Office …. the chaps done well for himself) …. I digress…. Chief Executive of Shelter, said: ‘On top of the 1.8 million households on waiting lists and the million children in overcrowding who desperately need new homes, this research also shows how crucial house building is to our economy, providing vital jobs and economic growth.
One of the many risks is that a reduction in house building will ensure that the price of existing stock continues to rise.. resulting in the return of the old cycle……

NO! I did not say Boom and Bust (you really are too pushy)….; but I will concede Boom.

Leave a Reply

You must be logged in to post a comment.

twitter link Facebook link Linked in

Subscribe here


twitter link Facebook link

Featuring Recent Posts WordPress Widget development by YD