Skip to main content

Finance: Housing

Volume 495: debated on Tuesday 7 July 2009

To ask the Chancellor of the Exchequer what reduction in spending he is making to accommodate the £1,500 million increase in housing expenditure announced in the Prime Minister's Statement on Building Britain's Future on 29 June 2009. (283542)

There is no additional borrowing as a result of the affordable housing announcement in Building Britain's Future.

In 2009-10 and 2010-11 the additional resources for housing will all come from within existing budgets. This has been achieved by reprioritisation within the Department for Communities and Local Government's budget and the reallocation of anticipated underspends from the Home Office, the Department for Transport, the Department of Health and the Department for Children Schools and Families.