FT Hopes for Big Budget on Housing Dashed

FT

hopes of a revolutionary new housing policy in the Budget — after prime minister Theresa May last month vowed to fix the “broken housing market” — look set to be dashed on November 22. Ministers have failed to agree on proposals by communities secretary Sajid Javid for the government to borrow billions of pounds to finance a big new housing programme. They are considering other measures for inclusion in the Budget — for example, ways in which the government could commission the construction of more homes on state-owned brownfield sites — but these are not expected to provide a comprehensive solution to the housing crisis.

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