Housebuilder Shares Soar on Burnham Council Housing Plans

UK moves ahead with first £10 billion wave of low-cost housing plan

Britain set out plans to spend £10 billion ($13.6 billion) on lower-cost housing for renters with a focus on London, although its target for offering social rent was lower than a pledge made by new Prime Minister Andy Burnham. The government said around 60 per cent of homes delivered through the funding would be for […]

Minister Insists Burnham Has Not Rowed Back On Key Housing Pledge

Matthew Pennycook on BBC BreakfastA minister has jumped to defend Andy Burnham over concerns he has already pulled back from a key housing pledge he made earlier this year.The government has today unveiled a nearly £10 billion plan to boost the number of “genuinely affordable homes” in the UK.It’s part of the prime minister’s pledge to carry out the largest council housebuilding programme since the postwar period, with 70,000 new homes across En…

Minister rejects accusation Andy Burnham broke promise on council homes funding

The Prime Minister has pledged to carry out the biggest council housebuilding programme since the postwar period.

Housebuilder shares soar on Burnham council housing plans

Shares in the UK’s biggest housebuilders rose sharply on Tuesday morning after Andy Burnham revealed plans to spend an initial £10bn on affordable housing.  In an announcement on Monday evening, the Prime Minister said the initial funding package would be used to build “thousands more quality council, social and affordable homes”. The funding would be earmarked to build “genuinely affordable homes, most of them for social rent, in the places whe…

Map: Areas in line for £10bn council housebuilding fund after Burnham announcement

Over £2.5bn has been earmarked for local mayors by the government

Government lays out housing plans but Burnham backtracks on social renting pledge – UK politics live

£10bn for housing with 60% social renting is at odds with PM’s previous call for programme to be spent entirely on social homes Ministers are looking at “a range of support” for vulnerable households struggling with rising bills, the energy secretary has said ahead of tomorrow’s Ofgem announcement on the energy cap level. PA Media…