US EditionRayner secures 10-year affordable housing pledge from Reeves
ENGLAND, UNITED KINGDOM, JUN 11 – The UK government plans a decade-long investment focusing on social rent and tenant protections, doubling annual funding to nearly £4 billion by 2030, aiming to ease the housing shortage.
- Deputy Prime Minister Angela Rayner played a key role in negotiating a decade-long commitment to finance affordable housing, which Chancellor Rachel Reeves announced in the July 2 spending review.
- This commitment follows months of negotiations aimed at doubling the usual five-year funding period to give housing associations long-term certainty.
- The £39 billion plan targets building 1.5 million new homes, including social and council housing, addressing acute shortages and long waiting lists across England.
- Kate Henderson described the programme as groundbreaking and the most significant affordable homes initiative introduced in many years, while Charlie Trew from Shelter called it an important milestone for the sector.
- The funding package aims to provide stability and is crucial to meet housing targets, though campaigners warn current allocations may still fall short of solving the housing crisis.
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Rachel Reeves still silent on how many of the new homes will be social housing
During Chancellor Rachel Reeves‘ spending review, she remained silent on how many of Labour’s 1.5 million new homes will be social. She did announce £39 billion over ten years for ‘affordable’ housing. This is a lot more than the £2bn she pledged in the Spring Statement. But she also hasn’t detailed what she defines as affordable. Reeves herself rents out her former home in South London for £3,200 per month. Is that ‘affordable’? And more broadl…
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Total News Sources58
Leaning Left9Leaning Right4Center8Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 38%
R 19%
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