Housing: Finance

Communities and Local Government written question – answered at on 30 June 2010.

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Photo of John Healey John Healey Shadow Minister (Housing)

To ask the Secretary of State for Communities and Local Government pursuant to the Financial Statement of 22 June 2010, Official Report, columns 116-30, how much of the future funding agreed before 24 May 2010 he now plans to allocate to expenditure on housing.

Photo of Grant Shapps Grant Shapps The Minister for Housing

We are clear that having reviewed the overall financial position, the previous Government have left a large funding black hole in their plans for social housing. This Government, as part of their plans to tackle this funding black hole, have chosen to recycle £170 million of the £6.2 billion of efficiency savings announced last month into social housing.

The Emergency Budget on 22 June set out further measures to deal with the budget deficit and give confidence to the economy. With regards to housing budgets we are continuing to review the position with HM Treasury and will be reaching a conclusion soon.

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