New Homes: Affordability

Part of Treasury – in the House of Commons at 11:34 am on 8 April 2025.

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Photo of Rachel Reeves Rachel Reeves The Chancellor of the Exchequer 11:34, 8 April 2025

The Prime Minister and the Deputy Prime Minister have set out our ambitions to build 1.5 million homes during this Parliament as part of our plan for change. At the spring statement I announced steps towards that ambition, with an additional £2 billion investment in social and affordable housing next year as a down payment on further investment at the spending review in June.