UK minister working up plans for state-owned housing developer
AI Summary
UK Housing Secretary Steve Reed is exploring the establishment of a state-owned housing developer to tackle the country's sluggish housing construction rates. This initiative, hinted at in leaked details, could potentially borrow funds at lower interest rates compared to private developers and housing associations. The move aims to boost the housing market and address the chronic shortage of homes, reflecting the government's commitment to tackling this longstanding issue.
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