Bulletin

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.


Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

Cornwall is a land steeped in legend but this salty business success story is no myth.

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

With the second-largest economy in Latin America, Mexico should be a core focus for UK exporters looking at the region

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Travelstar European Ltd, one of the West Midlands’ leading coach hire companies, has moved to larger premises in Portland Street, Walsall,…

The UK’s aerospace industry is the focus of our second quarterly bulletin in partnership with EEF, the manufacturer’s organisation. We take…

Where Next?