Part of Treasury – in the House of Commons at on 4 March 2025.
At Budget, the Government announced major steps towards delivering a once-in-a-generation increase in social housing, including a £500 million boost to the affordable homes programme, increasing annual spend to £3.1 billion—the biggest annual budget for affordable housing in more than a decade. Earlier this month, the Government also announced an additional £350 million to fund affordable homes. That is the difference a Labour Government can make to people across the country waiting desperately for secure housing. Further investment decisions will be set out at phase 2 of the spending review.