Menu
17/06/2010
Housing Cuts Mean Job Losses
Any government cuts to housing investment will lead to widespread job loss and plunge the country into an even deeper housing crisis, Shelter has warned.
New analysis by Shelter shows that for every pound cut from public investment in housing, the wider economy will take a hit of at least £3.50.
As the Treasury prepares to announce deep spending cuts across government, Shelter is warning that £610 million of funding for new homes this year is at risk.
This, coupled with the £150 million of cuts to housing announced by the Chancellor in May, will mean 12,625 less homes built, 19,000 job losses and a cost of £2.7 billion to the economy.
Campbell Robb, Chief Executive of Shelter, said: "On top of the 1.8 million households on waiting lists and the million children in overcrowding who desperately need new homes, this research also shows how crucial house building is to our economy, providing vital jobs and economic growth.
"With the private sector hit hard by the recession, public housing investment has been critical in getting homes built. Cuts now would cause one of our key industries to continue to flounder, bringing house building to a standstill at a time when the need for more homes has never been greater.
"As Government decides where the axe will fall, it must consider the colossal impact that cutting housing investment will have. If the overarching aim is to stabilise our already fragile economy, cuts now just don’t make economic sense."
(CD/GK)
New analysis by Shelter shows that for every pound cut from public investment in housing, the wider economy will take a hit of at least £3.50.
As the Treasury prepares to announce deep spending cuts across government, Shelter is warning that £610 million of funding for new homes this year is at risk.
This, coupled with the £150 million of cuts to housing announced by the Chancellor in May, will mean 12,625 less homes built, 19,000 job losses and a cost of £2.7 billion to the economy.
Campbell Robb, Chief Executive of Shelter, said: "On top of the 1.8 million households on waiting lists and the million children in overcrowding who desperately need new homes, this research also shows how crucial house building is to our economy, providing vital jobs and economic growth.
"With the private sector hit hard by the recession, public housing investment has been critical in getting homes built. Cuts now would cause one of our key industries to continue to flounder, bringing house building to a standstill at a time when the need for more homes has never been greater.
"As Government decides where the axe will fall, it must consider the colossal impact that cutting housing investment will have. If the overarching aim is to stabilise our already fragile economy, cuts now just don’t make economic sense."
(CD/GK)
Related Northern Ireland Recruitment News Stories
Click here for the latest headlines.
10 August 2012
Housing Association Staff Face Sack Unless They Agree To Pay Cuts
A quarter of the staff at a London housing association face dismissal and being re-engaged on terms that could see pay cuts of up to £8,000-a-year - about a third of their salaries - Unite has warned.
Housing Association Staff Face Sack Unless They Agree To Pay Cuts
A quarter of the staff at a London housing association face dismissal and being re-engaged on terms that could see pay cuts of up to £8,000-a-year - about a third of their salaries - Unite has warned.
16 December 2011
Social Housing Project Boosts Building Jobs
There was a pre-Christmas boost on housing this week with the keys being handed over to residents in one of Northern Ireland's biggest social housing developments to date.
Social Housing Project Boosts Building Jobs
There was a pre-Christmas boost on housing this week with the keys being handed over to residents in one of Northern Ireland's biggest social housing developments to date.
09 April 2015
Union Warns Against Job Cuts Following Merger Announcement
Unite the union is warning against crude cost cutting and job cuts following the announcement of a 'mega merger' between Royal Dutch Shell and exploration firm BG Group.
Union Warns Against Job Cuts Following Merger Announcement
Unite the union is warning against crude cost cutting and job cuts following the announcement of a 'mega merger' between Royal Dutch Shell and exploration firm BG Group.
13 September 2012
FG Wilson Cut Nearly 800 Jobs
Alliance MLA Stewart Dickson has expressed his shock and sadness at news engineering firm FG Wilson is to make almost 800 workers redundant.
FG Wilson Cut Nearly 800 Jobs
Alliance MLA Stewart Dickson has expressed his shock and sadness at news engineering firm FG Wilson is to make almost 800 workers redundant.
03 November 2009
Letter Warns Job Cuts Possible In Public Sector
A leaked letter from the general secretary of the Impact trade union has revealed that any public sector deal is likely to include job cuts.
Letter Warns Job Cuts Possible In Public Sector
A leaked letter from the general secretary of the Impact trade union has revealed that any public sector deal is likely to include job cuts.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
