Kickstart cuts 'could hold up' house building
first-time buyers are being told that cuts to a programme aimed at creating more affordable housing in the UK, could deepen an "already acute crisis".
The Home Builders Federation, which claims to represent a unified voice lobbying on behalf on the construction industry, suggested that jobs will also be under threat as a result of slashed spending for Kickstart.
Its chairman Stewart Baseley indicated that the programme and its benefits for the wider economy is not the waste the government was targeting in its initial £6.2 billion of savings for 2010-11, which was announced by the chief secretary to the Treasury David Laws.
He branded the decision as "disappointing", especially as home building is at its lowest point since 1923.
News of spending cuts to a government programme designed to create more affordable housing in the UK may encourage more people to consider looking for property to rent in the London borough of Tower Hamlets or elsewhere in the country.
By Charles Mackay
Published 26th May, 2010
© 2010 Estates IT Limited
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More people may be considering looking for property to rent in the London borough of Tower Hamlets or elsewhere in the country after a home building expert suggested the funding cut of a programme to construct affordable housing was a mistake.