Ministry of Housing, Communities and Local Government written question – answered at on 21 November 2024.
David Simmonds
Opposition Whip (Commons), Shadow Minister (Levelling Up, Housing and Communities)
To ask the Secretary of State for Housing, Communities and Local Government, what assessment she has made of the potential impact of increased employer National Insurance contributions, as announced in the Autumn Budget 2024, on (a) the housing association sector and (b) the capacity of housing associations to increase levels of social housing building.
Matthew Pennycook
Minister of State (Housing, Communities and Local Government)
Restoring stability and fixing the foundations of our economy are the best things we can do to support growth. Tax rises need to play a part to fund public services and to invest in rebuilding Britain – and this includes investment in much needed new social and affordable housing.
At the Budget, the Chancellor set out details of an immediate one-year cash injection of £500 million to top up the existing Affordable Homes Programme which will deliver up to 5,000 new social and affordable homes. This comes ahead of the multi-year Spending Review next spring, where the government will set out details of new investment to succeed the current Affordable Homes Programme.
The government recognises that housing associations and councils need support to build their capacity and make a greater contribution to affordable housing supply. We are consulting on a new 5-year social housing rent settlement to give housing associations and other providers the certainty they need to invest in new social housing. We will be carefully considering all responses to that consultation.
Yes1 person thinks so
No1 person thinks not
Would you like to ask a question like this yourself? Use our Freedom of Information site.
Secretary of State was originally the title given to the two officials who conducted the Royal Correspondence under Elizabeth I. Now it is the title held by some of the more important Government Ministers, for example the Secretary of State for Foreign Affairs.
The Chancellor - also known as "Chancellor of the Exchequer" is responsible as a Minister for the treasury, and for the country's economy. For Example, the Chancellor set taxes and tax rates. The Chancellor is the only MP allowed to drink Alcohol in the House of Commons; s/he is permitted an alcoholic drink while delivering the budget.