Overview

The long awaited Comprehensive Spending Review is complete and there are implications for housing providers. The headline figures are not as stark as first thought, but include:

- Public spending cut by 19% over the next four years
- 490,000 public sector jobs lost over ten years
- Local Authority spending down 7.1% for each of the next four years
- 150,000 new social housing homes built over the next four years
- Department for Communities and local government spend reduced by £1.1billion per year
- Welfare benefits down £7billion per year
- New tenancies no longer for life
- New tenancies subject to intermediate (80%) market rent

The cuts are thought to be the deepest in living memory. To read more, click 'View Briefing'.