The cap on council borrowing for housebuilding will be scrapped, the Prime Minister has announced.
In her closing address, Theresa May told the Conservative Party Conference removing the cap on local authority borrowing against Housing Revenue Accounts would help the Government achieve its ambition of building 300,000 homes a year by the middle of the next decade.
Want full article access?
Receive The MJ magazine each week and gain access to all the content on this website with a subscription.
Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.
Already a subscriber? Login
