The Leader of Southwark Council comments on the Autumn Budget ahead of the Government laying out their proposals on Wednesday 30 October.
Cllr Kieron Williams, Leader of Southwark Council, said: “The new government’s commitment to a ‘council housing revolution’ is a huge step forward for communities across our country.
“The Chancellor’s first Budget and spending review are a once-in-a-generation opportunity to fix England’s broken council housing finances.
“The last government tore up its 2012 council housing settlement and left local government with a £2.2 billion black hole in housing budgets.
“Our report urges the new government to turn this round, investing in urgently needed new council homes, addressing the unsustainable debt previously allocated to councils and creating a Green and Decent Homes Programme, so together we can deliver the more and better council homes and growth that communities up and down the country so desperately need.”