£10bn for housing with 60% social renting is at odds with PM’s previous call for programme to be spent entirely on social homes The chancellor, John Healey, has said government investment in a tungsten mine in Devon will help bolster Britain’s def...
£10bn for housing with 60% social renting is at odds with PM’s previous call for programme to be spent entirely on social homesThe chancellor, John Healey, has said government investment in a tungsten mine in Devon will help bolster Britain’s defence and nuclear industries.The Hemerdon tungsten and tin mine in Devon will receive up to £71m from the National Wealth Fund to help restart operations at the mine on the outskirts of Plymouth.We are living in a more dangerous world, which is why backing British industry is more important than ever before. That is what this deal does.We are tapping into one of the largest deposits of tungsten in the world, right here in the UK. This investment will supply vital minerals to British defence, energy and aerospace businesses – and keep good, well-paid jobs in the UK.Social homes are much more expensive to deliver than affordable homes. So again, we need to see the plans, exactly what that distribution will be and how much it’s going to cost.That number has not changed under Labour and on the broader picture on the housing market generally, the numbers of new homes being delivered, net new additions, has dropped by about 15% since they took office.The small print shows homes won’t have to be delivered until 2039. And the funding has been backloaded to fall outside the Spending Review and this parliament, meaning Andy Burnham will never have to pay for it.Instead, it’ll be another cheque written by a Labour PM and left for future generations to cover. Continue reading...
