The autumn statement, due December 5th, outlines the state of public finances and details the government’s plans to stimulate economic growth. The National Housing Federation believes that housing has the potential to stimulate growth within the UK economy. Because of this belief in the potential of housing, the NHF has developed a five point plan for growth that they are currently lobbying Ministers to back.
We always like to keep up to date with the big developments in the housing world and so
we thought we’d share with our readers the five point plan of the NHF.
1. Rapid release of small sites for development
2. Provide certainty on its long-term plans for supporting social housing by extending the current formula for social rent until 2020
3. Reduce the VAT rate to 5% for services provided to housing associations for the renovation of social housing
4. Supporting local investment for the development of new homes by raising the local authority debt cap
5. Welfare reform that supports new development
Don’t forget to check back here for the latest housing news and leave a comment with your thoughts on the plan.
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