Question to the HM Treasury:
To ask Her Majesty’s Government what assessment they have made of the Local Government Association’s submission to the Autumn Statement 2016.
Ahead of the Autumn Statement, HM Treasury received submissions from a range of stakeholders. While it would not be appropriate to respond in detail to each individual proposals, the government did carefully consider all submissions.
In particular the Treasury responded to calls for more to be done on housing. The Chancellor announced at the Autumn Statement that government would invest an additional £5.3bn in housing. This includes a £2.3bn Housing Infrastructure Fund to deliver infrastructure to unlock 100,000 homes and £1.4bn to deliver 40,000 new affordable homes. Government also announced that it would relax restrictions on existing affordable housing funding to deliver a wider variety of affordable housing tenures to help people at different stages in their lives.
Further reforms to increase housing supply will be brought forward through the Department for Communities and Local Government’s Housing White Paper, which will be published in due course.