Bank of England adds social housing groups to £10bn stimulus package for first time, raising hopes for cheaper borrowingThe Bank of England has added housing associations to its £10bn corporate bond-buying scheme for the first time, which could give a boost to housebuilding by reducing the cost of borrowing.The move comes after lobbying from the National Housing Federation and and other groups such as Positive Money, and Theresa May’s criticism of the Bank’s quantitative easing programme and its “bad side effects” for poorer people. Continue reading…
Source : theguardian.com
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