The UK housing crisis will be exacerbated by the cuts announced in yesterdays Comprehensive Spending Review, according to the Federation of Master Builders.
The restriction of social housing to just 150,000 over a four year period “offers no hope to those needing an affordable home”, FMB director general Richard Diment says of the five million people on housing waiting lists. “It is also a big blow to house builders who have suffered the worst recession in decades,” he says.
There maybe some encouragement for householders wanting to upgrade their homes to make them greener and more energy efficient from the £1billion investment for the green investment bank, Diment continues, but says that this is really little more than a token. “It remains to be seen if the bank will attract the additional funding that will be needed to retrofit the UK’s 26millin existing homes.”
“The boost for more apprenticeships does offer some real hope for those seeking to learn a skilled trade. However, employers in the construction sector will want to be convinced the economy is strong enough to take on new trainees.”