What if there were a way of building a million new affordable homes within five years while at the same time cutting government spending radically?
This paper shows that there is. It involves:
Depending on assumptions, these measures would lead to savings ranging from one-third of those proposed by the government to over £1 billion a year more than those proposed.
This paper is not a definitive analysis. It is illustrative and identifies a number of potential problems and uncertainties. We strongly believe, however, that the scale of the potential prize – serious inroads into Britain’s housing problems within existing public sector financial constraints – justifies examining the issue in more detail. Accordingly we are inviting others to join us in a more comprehensive project.
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