This is a once and for all settlement between central and local government. It will bring council house funding up to date. Councils will get the freedom to fund and run their council homes, without central government subsidy,’ he said.
‘Not a single penny from rents or sales will go to Whitehall and not a single penny will subsidise other councils as the current system dictates.’
At present 21 of the 22 Welsh Local Authorities pay a Housing Subsidy to the Treasury and it would appear that Healey intends to end the Housing Subsidy system in England so we can but presume that the same will happen in Wales and that will release £11 million for Wrecsam alone to build more social housing. Begs the question why we need to transfer our council stock especially as the council doesn't have to pay VAT whereby Housing Associations do.