Cookies on Pinsent Masons website

This website uses cookies to allow us to see how the site is used. The cookies cannot identify you. If you continue to use this site we will assume that you are happy with this

If you want to use the sites without cookies or would like to know more, you can do that here.

Early spending review would confirm housing budgets

The Government is thought to be considering plans to bring forward the next spending review to autumn 2013, according to reports.30 Apr 2012

An early spending review would reveal whether the Government will continue with its affordable homes funding model and would confirm how much capital grant would be available for housing organisations from 2015.

Government plans to bring forward its spending review from 2014 by a year have been reported frequently. This has now been made more certain following a slip up by Danny Alexander on the BBC and a rogue slide at a Homes and Communities Agency (HCA) conference, which both indicated an earlier 2013 spending review.

The next spending review will outline the Government's spending plans after 2015. It was widely anticipated to be in 2014 but Paul Abey, head of strategy, programme and performance for the south west at the HCA unveiled a slide at a conference yesterday saying the review had been brought forward to 2013, according to Inside Housing.

"This is actually the wrong slide, the spending review hasn’t been brought forward to 2013, it may be" Paul Abey said. "It has not been officially confirmed, a lot of people think it will be."

Chancellor George Osborne said in his Budget statement last month that further savings of £10 billion would have to be made by 2016 to prevent cuts to other departmental budgets.