Three-quarters of councils expect to abandon or delay house building projects in blow to Labour’s plans

Nearly three-quarters of local authorities are expected to abandon, pause, or delay current council housing projects due to financial struggles, jeopardizing Labour’s plans for large-scale building. A survey of 76 councils managing over 870,000 homes revealed that budgets are on the brink of collapse, with 71% planning to stop current projects and 68% scaling back commitments to build new homes. Deputy Prime Minister Angela Rayner aims to boost council housing supply, part of Labour’s pledge to deliver 1.5 million new homes, equivalent to nearly 400,000 new homes annually.

Full Article