Spending Review: Analysing housing’s chances


What investment in housing does the industry need from the government – and what is it likely to get?

1953 was a seminal year in British national life. The Queen’s coronation and Sir Edmund Hillary’s pioneering ascent of Mount Everest prompted predictions that the UK was entering a ”new Elizabethan” era of recovery and expansion after the grim years of the Second World War and rationing.

Helping no doubt to fuel this national mood of optimism was the record level of council house building achieved that year. Local authorities built more than 200,000 new homes, according to a report issued by the National Housing Federation (NHF) last month.

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