UK News Daily Chancellor Unveils Affordable Housing Boost, UK Cancels Asylum Housing Contract, UK Approves Lower Thames Tunnel, BoE Cuts Growth Forecast, and more...
Mar 25, 2025
The Chancellor announces a £2 billion boost to build 18,000 affordable homes, aiming to tackle a severe housing crisis. The UK government also cancels a £2 billion asylum housing contract due to concerns of profiteering. Meanwhile, the £9 billion Lower Thames Tunnel project gets approval to ease Dartford traffic. Amidst economic challenges, the Bank of England slashes growth forecasts, and businesses face rising costs. A poignant discussion reveals alarming domestic abuse statistics and calls for urgent reform in response to rising fatalities.
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Affordable Housing Boost
- The UK government announced a £2 billion investment to build 18,000 affordable homes.
- This aims to address the housing crisis and stimulate economic growth, despite anticipated spending cuts.
Asylum Housing Contract Cancelled
- The UK government cancelled a £2 billion asylum housing contract with Stay Belvedere Hotels over performance concerns.
- This comes amid worries about excessive profits by private companies during the asylum crisis.
Lower Thames Tunnel Approved
- The UK government approved the £9 billion Lower Thames Crossing project, including the UK's largest road tunnel.
- This project aims to reduce Dartford crossing traffic by 20% and boost regional connectivity.