Lift councils’ housebuilding cap, say MPs

Government urged to allow more borrowing to help hit target of 300,000 new homes a yearAn influential cross-party committee of MPs has urged the government to lift a cap on the amount of money councils can borrow to build homes, as it delivered a mixed verdict on the chancellor’s measures to boost housebuilding.
With a stated commitment to raise housebuilding levels to 300,000 a year, Philip Hammond used his autumn budget to increase the borrowing cap for councils in some areas to £1