The housing crisis will worsen unless government guarantees it will match the amount lent by the European Investment Bank in England after Brexit, local councils have warned.
The Local Government Association says the EIB, an EU institution, plays a vital role in providing affordable housing as well as key infrastructure.
The bank granted loans worth €13.5bn in the UK in the 18 months before the Brexit vote, but has dispersed just €3bn since the June 2016 referendum, according to analysis by the Institute for Government.
