Real Threat to the Housing Sector
We have had time to digest and analyse the Comprehensive Spending Review and consider its impact on the social housing sector. There will be a big reduction in public spending and DCLG is taking a significant hit. The National Housing Federation slammed the 60% cut in housing capital spending and issued dire warnings about the potential impact of Housing Benefit cuts and other welfare cuts. The NHF also warned that the end of ring-fencing would threaten Supporting People and Housing Market Renewal budgets. Similar responses came from across the sector with lots of people recognizing that benefit reforms were necessary but worrying about the implications of the changes being implemented.
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