The Treasury Select Committee calls for measures to boost housebuilding, and a look at ‘Right to Buy to let’ capital Milton Keynes
In the news
The influential Treasury Select Committee has had its say on the housing crisis this morning, publishing a report calling for more action to increase housebuilding, including the removal of the cap on local authority borrowing.
“The chancellor pledged to fix the broken housing market, but the government is going to find it very difficult to meet this ambition. The increase in the cap on borrowing for local authorities to build homes is a step in the right direction, but it doesn’t go far enough,” said Nicky Morgan, the Conservative chair of the committee.
“The borrowing cap restricts the number of homes that local authorities could deliver. To achieve the government target of 300,000 new homes per year, the cap should be abolished. The potential of local authorities to build should be unleashed.”
We will have more on this story later.
Elsewhere The Guardian follows up on Inside Housing’s Nathaniel Barker’s work on Right to Buy homes being let privately, by travelling to Milton Keynes, the ‘Right to Buy to let’ capital. You can read Inside Housing’s original research here and a follow up about an individual councillor with 10 ex-council homes here.
On social media
The Treasury Select Committee report on the government’s plans for housing has generated lots of debate:
There is no will in government to fix housing crisis. With landlord MPs ; MPs with London property and Tory voters who don’t suffer and would hate house prices to fall;where’s the need— Daniel Cole (@dcole0007)
There is no will in government to fix housing crisis. With landlord MPs ; MPs with London property and Tory voters who don’t suffer and would hate house prices to fall;where’s the need— Daniel Cole (@dcole0007) January 22, 2018
And Barratt’s joint venture with Swindon Council has led some to question how affordable the homes built will be.
There will be questions for ministers from the Ministry of Housing, Communities and Local Government today at 2.30pm, and at 4pm the Communities and Local Government Committee will take evidence on the private rented sector