Cuts Watch #66: Shelter warn on housing cuts
New analysis from Shelter suggests that recently announced cuts in housing budgets will mean that 12,625 less homes are built, 19,000 jobs will be disappear and £2.7 billion will be lost to the economy.
Shelter’s study suggests that for every pound cut from public investment in housing, the wider economy takes a hit of at least £3.50. Campbell Robb, chief executive of Shelter, said:
“On top of the 1.8 million households on waiting lists and the million children in overcrowding who desperately need new homes, this research also shows how crucial house building is to our economy, providing vital jobs and economic growth.”