Today the whip of unprecedented events has forced the government to do things which it would never have considered a few weeks ago. One of those was their decision to cancel £13.4 billion NHS debt. This sets a precedent. If it can be done for the NHS why not for the HRA? The HRA debt held by the Public Works Loans Board is around £26 billion. There’s not a great gulf between the two figures when you consider the scale of government intervention in the current crisis.
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