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Written question asked by Bell Ribeiro-Addy (Labour) on Wednesday, 2 September 2026, in the House of Commons. It was due for an answer on Friday, 4 September 2026. It was answered by Emma Reynolds (Labour) on Thursday, 10 September 2026 on behalf of the Treasury.

Housing Revenue Accounts

Question

To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the potential impact of cancelling Housing Revenue Account debt held by local authorities on the economy.

Answer

As a government, we recognise the pressures facing councils. That is why we have taken action including a ten-year social housing rent settlement, reinstating rent convergence, reforming Right to Buy, and investing £39 billion through the Social and Affordable Homes Programme. Through the programme, we will make sure that councils are able to access more of the funding available.

We will continue to work with councils and the wider sector to understand barriers to council housebuilding.

Secondary information

Type
Written question
Reference
26629
Session
2026-27
Subjects
Debts written off Economic situation Housing revenue accounts
Link
View this Written question on www.parliament.uk