HCA official hints at early date for spending review
The government might bring forward its next spending review, a Homes and Communities Agency official has said.
The government’s next spending review will detail spending after 2015. It was widely anticipated to be in 2014, but Paul Abey, head of strategy, programme and performance for the south west at the HCA unveiled a slide at a conference yesterday saying the review had been brought forward to 2013.
Mr Abey, speaking to delegates at the Chartered Institute of Housing South West Housing Conference, later said ‘it was the wrong slide’.
He said: ‘This is actually the wrong side, the spending review hasn’t been brought forward to 2013, it may be.
‘It has not been officially confirmed, a lot of people think it will be.’
An early spending review would mean housing organisations would know as early as next year how much capital grant will be available post-2015 and whether the government’s affordable homes funding model is likely to be continued. They would also know the level of any further welfare cuts.
Chancellor George Osborne said in his Budget statement last month that further savings of £10 billion would have to be made by 2016 to prevent cuts to other departmental budgets.