Re-classifying housing associations – Nearly Legal

Posted November 21st, 2017 in budgets, housing, local government, news, regulations by sally

‘Slightly under the radar (possibly), but of enormous significance, the ONS has re-classified housing associations (or private registered providers of social housing – in the new language which I can’t get used to) as private sector, and in so doing has wiped around £60billion off the public sector debt. It is this re-classification which has given Hammond room to manoeuvre in the coming budget (although the rumours are that he is going to put £5billion only, and that appears to be going towards home ownership – plus ca change), which kind of proves the value in spreadsheets and the significance of audit practices.’

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Nearly Legal, 21st November 2017