House building projects planned by the
new Government
Gordon
Brown has given a pledge that he will seek to correct the
housing crisis
that is enveloping the UK.
Outlining the Governments plans he said that there will be three key
housing Bills to boost the supply of affordable housing in the UK.
The plans suggest that the existing objective to build up to 200,000
new homes by 2016, can be improved upon and there may be an additional
40,000 homes made available. Housing has become a national priority
commented the PM.
Mr Brown said: "Putting affordable housing within the reach not just
of the few but the many is vital both to meeting individual
aspirations and a better future for our country."
The plans come amidst increasing anxiety about an overly inflated
housing market with prices soaring to new heights. Fears of a boom and
bust cycle remain with most observers adamant that something has to
give. The numbers of people falling victim to
bankruptcy in the UK
is at an al time high with many providers offering additional
debt products such
as IVA's.
His
comments follow the chancellor Alistair Darling's recognition that the
lack of affordable housing has become a serious political issue. The
housing Bill would see a majority of developments would take place on
brownfield developments, while new building projects would have a
minimal environmental impact. Ministry of Defence land wil also be
freed up to allow for maximum benefit to be gained from available and
currently dormant sites
