Real estate

Osborne eyes privatisation of stake in social housing

Social housing - Privatise governments stake in housing associations - SantanderCB

George Osborne is reportedly considering a multibillion-pound plan to privatise the government's stake in housing associations in an attempt to take the sector's debt off the public books and stimulate Britain's housing market. Officials say the hope is that the more sweeping the changes, the more likely large housing associations are to reinvent themselves by borrowing more and taking more risks. But the chancellor's plan has reportedly created tensions within government over how best to increase housebuilding. Some in Whitehall suggest that a more modest deregulation of housing associations would retain the confidence of their lenders, whose private finance is vital to pay for construction schemes.

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