Pickles eyes council pension pots to finance new homes

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Published by 24publishing for 24dash.com in Housing and also in Central Government, Local Government, Universal Credit

Councils could be able to double the amount they can legally invest from their pension funds to support the building of new homes and infrastructure, communities secretary Eric Pickles has announced. It follows a report last month by the Future Homes Commission – commissioned by the Royal Institute of British Architects (RIBA) – concluding that six million new homes could be built across Britain in the next 20 years financed by the pension savings of more than four million c...

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