OBR: HA net borrowing and social housing capital grants to tumble while housing starts see recovery

• Capital grants for social and affordable rent forecasts fall from £960m to £130m by 2020/21, as money diverted to part/full ownership schemes
• Spending review supports new build recovery to 185,000, but 34,000 lower than forecast in absence of both July and November 2015 measures
• HA annual net borrowing to fall from £4.6bn to £1.6bn by 2020/21