Housing borrowing cap now officially scrapped

Housing borrowing cap now officially scrapped

Further to our previous post, the Housing Revenue Account (HRA) borrowing cap has now been officially abolished, allowing councils to build up to 10,000 homes a year. The scrapping of the cap, which was announced earlier this month by prime minister Theresa May, could...
Lifting of housing borrowing cap is warmly welcomed

Lifting of housing borrowing cap is warmly welcomed

Prime minister Theresa May’s unexpected announcement that the government is scrapping the cap on how much councils can borrow to build new homes has been widely welcomed Speaking at the Conservative Party conference in Birmingham , May said she was lifting the limit...