Housebuilder Shares Soar on Burnham Council Housing Plans

Minister rejects accusation Andy Burnham broke promise on council homes funding

The Prime Minister has pledged to carry out the biggest council housebuilding programme since the postwar period.

Housebuilder shares soar on Burnham council housing plans

Shares in the UK’s biggest housebuilders rose sharply on Tuesday morning after Andy Burnham revealed plans to spend an initial £10bn on affordable housing.  In an announcement on Monday evening, the Prime Minister said the initial funding package would be used to build “thousands more quality council, social and affordable homes”. The funding would be earmarked to build “genuinely affordable homes, most of them for social rent, in the places whe…

Map: Areas in line for £10bn council housebuilding fund after Burnham announcement

Over £2.5bn has been earmarked for local mayors by the government

‘No10 North’ Andy Burnham to hand London almost 40% of nation’s initial council house funding

Andy Burnham is set to hand London almost 40 per cent of the initial round of Britain’s council housing funding under his plans for a “comeback” of new social homes. The Prime Minister is expected to announce £10billion in funding to build 70,000 new social and affordable homes outside the capital. Mayors in Greater Manchester, the West Midlands, North East, West Yorkshire, Liverpool City Region and South Yorkshire are expected to see £2.5billi…