£6 Billion Deal: MoD Reclaims Control of Military Housing

£6 Billion Deal: MoD Reclaims Control of Military Housing

Recently, the MoD has embarked on a massive £5.9 billion buyback of 36,000 married quarters from Annington! In this video, I am peeling back the layers on this historic deal, showing you how it reverses a controversial 1996 privatisation.

No more £230 million annual rent? Check. Potential for major housing upgrades? Double check. But what does this mean for you, the service families? Hopefully, the renovation, development and overall improvement of service families accommodation (SFA) across Defence.

But these changes will not happen overnight and it will be interesting to see how this progresses in the coming year, especially as a new military housing strategy is being introduced in 2025.

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Timecodes:

0:00 Intro
0:27 The 1996 Annington Deal
4:52 The repurchase of 36,000 military married quarters
5:40 How it will affect service personnel
7:22 Outro


Sources:

https://www.gov.uk/government/news/go...
https://www.annington.co.uk/media/uf0...
https://www.annington.co.uk/media/pun...
https://commonslibrary.parliament.uk/...
https://questions-statements.parliame...
https://www.nao.org.uk/wp-content/upl...
https://news.sky.com/story/government...
https://researchbriefings.files.parli...
https://www.nao.org.uk/wp-content/upl...
https://www.judiciary.uk/wp-content/u...
https://publications.parliament.uk/pa...


DISCLAIMER:

The views and opinions expressed in this video are my own and do not necessarily reflect the views of the British Army or the Ministry of Defence.

I am not a professional financial advisor and this video is not financial advice. Please do your own research before making any decisions with your money and seek professional financial advice if need be.