EU bank to lend Britain 1 billion pounds to build more social housing

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LONDON/BRUSSELS (Reuters) - The European Union's investment arm is to lend Britain 1 billion pounds ($1.4 billion) to help build more social housing, it said on Monday, its largest ever support for such programmes within Europe.

The European Investment Bank [EIB.UL] denied an accusation by campaigners wanting Britons to vote to leave the EU in the national referendum in June that it was seeking to influence the vote.

In the first four months of 2016 the EIB has agreed new loans worth nearly 4 billion pounds in Britain, accounting for much of what it expects to approve for the whole year. A spokesman said the EIB's total lending in Britain in 2016 was likely to be about the same as last year's record 5.6 billion pounds.

"It seems like some in Luxembourg think they can buy the referendum with a couple of cosmetic loans," said a spokesman for Vote Leave, the official referendum campaign group wanting Britain to quit the EU.

[gmb45]

deep joy, even if each hoose cost say 25k to build thats only 40k new hooses, wont scratch the surface of the hoosing shortage especially with the millions of migrants here and the amount due, oh and how come its a loan ffs ? should be given to us with the amount we put in every year.

[DOUGALMCD]

You have to wonder who will actually get the access to the newbuilds. Where are they going to build them? Who will get the contracts to build them?

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It?s for people who believe every thing the govt says...

[GastonJ]

You have to wonder who will actually get the access to the newbuilds. Where are they going to build them? Who will get the contracts to build them?

Easy....... Friends of the government, on land sold at a high price by friends of the government, and again friends of the government.

[GastonJ]

Well at least the EU is doing something to try help, no matter what their motives are. The UK government are doing ck all to help build houses, not one penny at all. Even if we didn't pay the EU for membership, do you really think the bunch of tw@'s in government would spend even 1 second thinking of building houses with the money? If you think the UK government would then you're more gullible than I thought.