Shadow housing secretary accuses prime minister of making ‘hollow announcements to make headlines’David Cameron’s promise to spend millions on bulldozing and rebuilding sink estates as a key fragment of his prime ministerial legacy appeared to unravel final night as it emerged that the small amount of money set aside for the project can only be accessed by private developers in the form of loans.
To great fanfare,the prime minister announced his intention in January to potentially tear down 100 of the UK’s worst estates to tackle drug abuse and gang culture. The modest size of the £140m “fund” set aside by Cameron to meet costs was widely questioned at the time, but Downing Street insisted that the redevelopment programme would reverse decades of neglect.
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Source: theguardian.com