Welsh council house tenants are subsidising social housing in England, Welsh Liberal Democrat housing spokesperson Peter Black has claimed. He launched the attack on the ‘convoluted’ arrangements which sees all but one Welsh local authority which owns council houses return rental receipts to the Treasury. He argues that changes to the housing revenue subsidy system
John Healey is expected to announce details of a consultation to allow councils to keep the proceeds of council house sales and the revenue from rent, after revealing last night that he would ‘dismantle’ the current council housing finance system. Under the current system the money is returned to the Treasury where it is reallocated
Most of England’s social housing could come under the control of housing associations within a few years because of the system for funding council housing, housing experts have warned. They are calling for reform to the housing revenue account (HCA) to allow local authorities to keep their rents and reinvest in existing or new stock