Housing Association collapses - the first of many

Thu, 25/04/2013 - 09:00
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Another BNP prediction has just come true. More than a year ago Nick Griffin wrote that the next stage of the long-planned stealth privatisation of Britain´s entire council housing stock would come when Housing Associations started to go bust.


This would happen, he predicted, as hard times and government welfare cuts hit their incomes.

Bang on cue, Cottsway Housing, which handles 4,000 homes in Oxfordshire, is having its affordable homes programme grant reallocated to another provider.

Cottsway is crippled by cash flow problems, cannot secure further loans (also as we predicted) and has had to halt all development.

The Homes and Communities Agency will now re-allocate uncommitted grant for 289 homes CHA was unable to deliver under the programme.

The money, around £6.3 million, will go to Greensquare instead.
This is only the first Housing Association domino to fall.

As the collapse gathers momentum, the government will use the crisis as an excuse to allow giant private let-for-profit empires to come in and "save the day" by snapping up failed Housing Associations for buttons.

So the banks and corporate tax-dodgers who have done so much to create the financial crisis crippling Britain will be allowed by their bought-and-paid for political puppets to profit from the crisis by stepping up their looting of our national common wealth.

"We once more put these people on notice," warns BNP leader Nick Griffin, "that we regard such moves as theft and pledge that our future nationalist government will take back all such stolen national assets into public ownership, without compensation.

The only thing these crooks will get from us is a fair trial."


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