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...Jeremy Hunt has wound down a scheme that delivered an extra £200mn a year for social housing in England, in a controversial move that will further squeeze the finances of cash-strapped local councils....
...Warrington’s precarious finances drove the Department of Levelling Up, Housing and Communities to commission an external review in 2023, which it has not released to the public....
...The non-profit compiled the data from freedom of information responses from 200 of the 300 local authorities that are allowed to own or manage social housing....
...Henry arrived in Puerto Rico on Tuesday, multiple news agencies reported, citing officials in the US territory....
...George Lemos Capital Finance Strategies London EC1, UK...
...Rico....
...The Competition and Markets Authority said that historically the 300,000 target had only been met when councils were providing a “significant supply” of new housing....
...The drive for a law was initiated by social activists and legislators angered by Puerto Rico’s debt problems, but broadened and gained energy when Washington-based Jubilee activists joined the effort....
...Keith Adey, Bellway’s chief finance director, said there has been positive early interest from clients in the scheme, which in effect allows buyers to “borrow at the interest rates of a few years ago”....
...As a result of the concurrent cost of living and housing crises, the number of families in temporary accommodation in the city has doubled in three years to 1018 a week....
...“We are sleepwalking into a disaster as far as local authority finances are concerned,” said Zoe Billingham, director of the Institute of Public Policy Research North....
...A string of other towns and cities face parallel pressures amid a broader national squeeze on local government finances....
...Council leaders from across England have urged ministers to urgently uprate funding subsidies for temporary accommodation, warning that soaring levels of homelessness threaten to tip many authorities into...
...The former chief executive of DWAC was unceremoniously fired from his job in March 2023 and another businessman, one based in Puerto Rico, was installed....
...The danger for any incoming government, particularly in an era of constrained public finances, is that they “hit the ground reviewing”....
...Clive Betts, Labour MP for Sheffield South East, who chairs the levelling-up, housing and communities committee, said local government finances were in a “complete mess” after years of underfunding....
...tipped Birmingham city council into bankruptcy last year is probably much smaller than the original £650mn-£760mn estimate, according to the man parachuted in by Westminster to run Europe’s largest local authority...
...“The Prudential Regulation Authority could have concerns about banks’ exposure to 99 per cent loan-to-value mortgages, even if partially underwritten by government, and could look for additional capital...
...UK ministers are set to force hundreds of local councils and public authorities in England to publish overdue accounts by the end of September as part of efforts to clear an “unacceptable” backlog of outstanding...
...Planning law has also become a way for local authorities to curtail the rising housing prices associated with holiday homes....
...Rico after his whereabouts were unknown for days, leaving behind a country in chaos with violent gangs demanding his ousting....
...But its demise has focused attention on the wider squeeze on local government finances and associated deterioration in public services across England. “This is a very big authority....
...homelessness and relieve pressure on local authority finances....
...The Department for Levelling Up, Housing and Communities could not provide “any compelling examples of what had been delivered so far”, according to a report published by the House of Commons public accounts...
...The LGA has warned of a £2.4bn funding gap in local authority finances this year and £1.6bn in 2024-25....
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