From the TUC

Cuts Watch #114: Housing cuts

06 Jul 2010, by in Cuts Watch

Yesterday the Treasury announced that an additional £220 million would be cut from the Department for Communities (which will in practice from from the Homes and Communities Agency (HCA)). This is in addition to existing cuts of £230 million from the HCA, which have already led to significant reductions in building budgets for affordable homes.

But Grant Shapps welcomed this cut as a ‘confirmation of £390million to build over 8,500 new much-needed homes’ – claiming that 8,000 construction jobs would be ‘protected’: the £390 million that has been saved from the axe is being presented as new spending. The unanswered question must therefore be how the £450 million that will not be spent also impacts on jobs – using the same ratios the cuts announced already will lead to 9200 job losses in construction – with the sector likely to be affected further by the cancellation of the Building Schools for the Future programme.

2 Responses to Cuts Watch #114: Housing cuts

  1. Tweets that mention Cuts Watch #114: Housing cuts | ToUChstone blog: A public policy blog from the TUC —
    Jul 6th 2010, 10:50 am

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  2. Budget cuts threaten 4,500 affordable homes « A Thousand Cuts
    Jul 6th 2010, 5:13 pm

    […] TUC’s Nicola Smith warned yesterday that the housing funding cuts could also cost upwards of 9,000 private sector […]