It’s the third year in a row that the UK government has been borrowing billions of pounds to build homes in England, and it is unlikely to end any time soon.
The latest instalment of that spending comes in the form of £8.3bn of new loans that were announced on Monday.
The government has already used £4.3 billion of the £12.9bn that has been approved for new homes, and is likely to spend another £3.5bn more on the projects.
It is not yet clear whether the government will use the money to build new homes or to invest in infrastructure projects that could be useful in the long term.
“The government’s decisions will help deliver the UK’s housing needs, as well as help to meet our commitments to invest for a better future,” Home Secretary Amber Rudd said in a statement.
She added that the new loans would be used for projects such as “high-rise developments that are able to withstand the effects of climate change”.
The new money will help the government meet its commitment to build 30,000 new homes by 2030.
It also aims to buy 10,000 houses of the sort the government had promised in a landmark housing plan it unveiled last year.
“This government is committed to building affordable, good quality homes for everyone, and this investment will help build new housing that will be more resilient to future changes in the UK economy and housing market,” the Home Secretary said.
However, many experts have questioned whether the loans are really needed.
One of the main reasons why the government is not building more homes is because of the high cost of building.
A recent report from consultants McKinsey found that the cost of a new home was more than twice as high as the average cost of renting in the country.
This was because the government was building only the cheapest homes it could afford.
It’s not just the government’s investment that has gone to waste.
It has also been accused of buying the wrong properties for the right reasons.
In 2016, the government bought the home of a retired teacher who had lived in the area for more than 20 years.
The building of the home has been criticised by campaigners and critics, who argue that it was a waste of public money and an example of how the government over-relies on a small group of wealthy individuals.
“They’ve bought this house, they’re building it, and they’ve bought it in the wrong place,” said one councillor who works in the town of Crouch End, who did not want to be named.
“I have to say this is not what you would expect of the people who live in the constituency.”
Other critics have also pointed to the high price tag attached to the project.
“In the UK, it’s a myth that houses cost £500,000 and the average home costs £2.5 million,” said Mark Lowdon, professor of housing economics at University College London.
“That’s because in the real world, people have to live in those places.
People don’t have money to buy a house.
They don’t want to buy an expensive property because it costs too much.
So you’re always building more than you need.”