The money will take funding for the 10-year social and affordable homes programme to more than £40 billion.
asserted
money → take → billion
Councils will also be helped to borrow money from the Government to invest in housebuilding by extending the offer of preferential interest rates.
asserted
Councils → help → rates
“The Prime Minister promised to restore the public housing stock.
asserted
Minister → promise → stock
“This Budget will go further on that ambition through significant investment in affordable housing and helping councils borrow to build so we can replace what’s been sold and give people a place to live.”
asserted
what → go → place
The announcement of more money and more responsibilities for mayors is intended to boost economic growth across the country.
asserted
announcement → intend → country
The plans, which will be formally announced in Wednesday’s Budget, will give them more flexibility and authority to make investment decisions.
asserted
which → announce → decisions
The Government has allocated an initial £285 million next year, with the move intended to shift away from reliance on different bidding pots managed from Whitehall.
asserted
move → allocate → Whitehall
In an effort to address criticism from areas which do not yet have strategic authority status, the Treasury said they will still be able to access a share of the money to support them in the “transitional period”.
asserted
they → address → period
The Government will also work with mayors to design a new £1.5 billion borrowing facility from 2028, giving them greater access to capital to invest in projects.
asserted
Government → work → projects
The Chancellor said: “Every community in Britain has potential – for too many it has gone untapped and wasted while money and power has been held in Westminster.
“Mayors and local leaders know what their communities need to grow, which is why we are giving them more money, more power and more capacity to get projects moving, build homes and make the right decisions for their areas.”
asserted
projects → say → areas
Strategic authorities will also get £150 million of funding next year to build their capability to take on the new powers and manage complex projects and investment programmes.
asserted
authorities → get → projects
The Prime Minister said: “I’m calling time on local leaders going cap in hand to Westminster.
asserted
leaders → say → Westminster
“That is no way to run a country.
asserted
That → run → country
“When I became Prime Minister, I said that if a decision can be made closer to home, it should be.”
asserted
it → become → home
Claire Ward, chairwoman of the UK Mayors Network and Labour’s East Midlands mayor, said: “Having the right powers and resources through increased devolution will help us to turn our ambitious plans into reality and deliver real, lasting change for our communities.
asserted
us → say → communities
“I welcome this commitment from Government and will continue to push for the tools we need to help our regions to thrive.”
asserted
regions → welcome → tools
Labour’s London Mayor Lord Sadiq Khan said the greater ability to invest could “help unlock transformational infrastructure projects” including the West London Orbital route, the extension of the Bakerloo Underground line and Docklands Light Railway and the development of Stratford International station.
uncertain
ability → say → station
Mr Healey’s Budget preparations suffered a blow on Saturday when the Treasury’s entrepreneurship adviser Alex Depledge announced she was resigning from the role.
asserted
she → suffer → role
She will leave the role on Thursday, the day after Mr Healey sets out his tax and spending plans.
asserted
Healey → leave → plans
In an interview with The Sunday Times, Ms Depledge said start-ups were treated as a “sideshow” and must not be pushed to the “margins of economic policy”.
asserted
ups → say → policy
“Keeping scale-ups on the fringes underestimates the contribution of our greatest companies, and we need to support and develop them on British shores at all costs,” she said.
asserted
she → keep → costs
Meanwhile the Tories said Mr Healey should quit as Chancellor unless he uses Wednesday’s statement to show how spending on defence will reach a 3% share of the economy by 2030.
asserted
spending → say → 2030
Mr Healey insisted that level of spending was required when he resigned as Sir Keir Starmer’s defence secretary in June, adding to the pressure which led to the former prime minister’s exit from No 10.
asserted
which → insist → No
Shadow defence secretary James Cartlidge said: “The Chancellor absolutely has to set out his plan for 3% in the Budget – anything less would be a dereliction of duty.”
asserted
anything → say → duty
The Aporia
