UK minister working up plans for state-owned housing developer | TheBriefWire
UK minister working up plans for state-owned housing developer
Published 27 June 2026 ยท politics
Exclusive: Steve Reed is looking at government run scheme that could borrow at lower rates than private developers The housing secretary has been working up
Exclusive: Steve Reed is looking at government run scheme that could borrow at lower rates than private developers The housing secretary has been working up plans for a state-owned housing developer, according to details leaked to the Guardian, as the government looks for ways to stimulate stubbornly low rates of housebuilding. Steve Reed has been looking at proposals to set up a new state-owned developer which could borrow at lower rates than private developers and housing associations, according to plans leaked to the Guardian. Continue reading...
Published: June 28, 2026 โข 12:30 AM IST ยท Updated: June 28, 2026 โข 1:07 AM ISTBy TheBriefWire Editorial Team
Key points
Exclusive: Steve Reed is looking at government run scheme that could borrow at lower rates than private developers The housing secretary has been working up plans for a state-owned housing developer, according to details leaked to the Guardian, as the government looks for ways to stimulate stubbornly low rates of housebuilding.
Steve Reed has been looking at proposals to set up a new state-owned developer which could borrow at lower rates than private developers and housing associations, according to plans leaked to the Guardian.