PM lifts council borrowing cap to boost housebuilding

Backhouse believes this is a positive step to drive greater supply in the UK housing market.

Yesterday’s announcement by the PM about the Government’s intention to scrap the borrowing cap for new council housing is a positive and welcome move. All steps to support new housing delivery are applauded by Backhouse as we believe an increase in the number of players in the market – whether they be council-led or private sector – encourages diversity in the new homes space. A wider range of house building participants not only means more homes but also greater competition and therefore better homes. Let’s hope this boost is just the beginning.

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