Friday, Mar 26, 2010
Outbreak Of Commonsense at the DCLG
24 Dash: Housing Revenue Account reforms 'will deliver 10% more cash for councils'
"Under the Housing Revenue Account (HRA) system, introduced in 1935, money from rents and sales of land and homes is sent by councils to Whitehall, where the DCLG manages the national housing debt and redistributes funds to the 177 local authority areas according to a complex formula. The new self-financing system would allow councils to keep their cash and decide for themselves how to spend it on maintenance, refurbishment and repairs of social housing. In return, councils will be asked to take on their share of a £3.65 billion debt. Town halls will also be able to borrow more cash to fund refurbishment and house-building projects." Clearly, they've been reading my blog, I have been recommending this for ages.
Posted by mark wadsworth @ 12:16 PM (410 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. sneaker said...
plenty of room for a 42" flat screen tv - what's the problem?