Tuesday, July 24, 2007

Oh dear, Gordon can’t do simple sums

Government's financial assumptions are seriously flawed - National Housing Federation

"We fear that the Government has got its maths wrong on the investment required to build the 70,000 new social homes a year. They need to invest £11.6bn, not the £8bn proposed in the green paper." - NHF

Posted by converted lurker @ 12:10 PM (535 views)
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5 thoughts on “Oh dear, Gordon can’t do simple sums

  • uncle chris says:

    Hmmmm – 70,000 houses for £11.6 billion. That would suggest each costs around £166,000 each to build. I built (literally by myself apart from a bloke when the foundations were poored) a detached 3-bed house in Scotland, which was completed in 2003 and the materials costs £28,000 after VAT back. How on earth can the NHF claim they are going to cost £166,000 each. I suggest getting a polish firm to do it Gordon.

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  • Well you’ll need a site investigation, a team of architects (unless you want a row of boxes), structural engineer, foundation considerations. If its brownfield then you may also need to remediate the land. Plumbing and Electrical service infrastructure, road infrastructure, drainage infrastructure… etc etc etc. How much do you think that little lot will cost?

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  • dohousescrashinthewoods says:

    PFI – it creates value for money.

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  • david20040_0 says:

    Labour government?

    Statistics wrong?

    Hardly surprising.

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  • Not forgetting land cost!!

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