UK housing secretary Steve Reed proposes state-owned developer to boost housebuilding
By
Kiran Stacey
Summary
The UK housing secretary Steve Reed is developing plans for a state-owned housing developer that could borrow at lower rates than private developers and housing associations, according to leaked details obtained by the Guardian. The proposal aims to stimulate low housebuilding rates in the UK. However, the plans are not yet finalized and cannot be enacted before Keir Starmer steps down as prime minister, as the cabinet secretary has ordered no major announcements should be made in the interim.
Source
bskyUK housing secretary Steve Reed proposes state-owned developer to boost housebuildingtheguardian.comKey quotes
· 3 pulledSteve Reed has been looking at proposals to set up a new state-owned developer which could borrow at lower rates than private developers and housing associations
The plans, which are not yet finalised, cannot be enacted before Keir Starmer steps down as prime minister
The cabinet secretary ordered that no major announcements should be
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