Boroughs plan to cut council housing spending by more than £250m
- London boroughs plan to cut council housing spending by £264 million over the next three years to avoid budget collapse.
- This reduction results from national policies limiting social rent increases below inflation, causing boroughs’ income to lag rising costs.
- A report from London Councils reveals that boroughs are responsible for managing nearly 400,000 social housing units, accommodating more than 10% of households in the capital, amid rapidly increasing maintenance expenses.
- Cllr Grace Williams highlighted that London's council housing budgets are under severe strain, with many boroughs compelled to implement significant cutbacks despite their strong desire to invest in housing.
- The cuts imply urgent national policy changes are needed to secure sustainable finances and enable investment in new and improved social housing.
12 Articles
12 Articles
Kerswell’s ‘Stabilisation Plan’ has failed before it is approved
CROYDON IN CRISIS: The fourth rescue plan issued by our cash-strapped council in as many years 'cannot deliver a balanced budget'. By WALTER CRONXITE, Political Editor "Desperate" and "deluded" are a couple of the kinder things that have been said about the "Stabilisation Plan", which Croydon Mayor Jason Perry and his chief executive, Katherine Kerswell,…
New analysis shows councils are being forced to cut spending on housing to avoid going bust
London’s boroughs are being forced to cut their spending on council housing by a total of £264m over the next three years, according to a new analysis. Research by London Councils – the city’s local government association – has found that the costs boroughs face in managing their council housing have spiralled, while income has […]
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