London Daily

Focus on the big picture.
Friday, Aug 21, 2026

Boris Johnson to focus on housing as economic storm clouds gather

Boris Johnson to focus on housing as economic storm clouds gather

Opponents condemn ‘hot air and waffle’ in planned speech amid reports that people will be able to use housing benefit to buy homes
Boris Johnson will try to reset his beleaguered premiership on Thursday with a speech on housing and the cost of living that was condemned by opponents as “hot air and waffle” and rehashed policies, rather than a genuine attempt to tackle the crises.

As petrol prices saw their biggest daily jump in 17 years and Britain was warned its economy could be hit more by the Ukraine war than any other major country, the prime minister was expected to mainly promise concrete plans in the coming weeks.

Advance extracts of the speech released by Downing Street saw Johnson promise to “use our fiscal firepower” to help struggling households, but contained no specifics beyond broad pledges of cost-saving policies still being prepared.

Reports said that the speech would outline measures to allow people to use benefits to help in securing a mortgage. The Times said he will argue that the £30bn in housing benefit that currently goes towards rent would be better spent in helping people become first-time buyers. However it remained unclear how this would help people on such low incomes with lenders increasingly concerned about affordability criteria amid the cost-of-living crisis.

Another anticipated proposal is the extension of the right-to-buy discount scheme for social tenants to those in housing association properties, an idea first raised in the 2015 Conservative manifesto and condemned as likely to make the housing crisis worse.

Another possibility is a relaunch of another existing housing idea, using cheap-to-build modular, “flat-pack” homes to increase supply. The speech was also set to cite the “ambition” to reform mortgage finance to make first-time house purchases easier.

Billed by No 10 as Johnson reassuring Britons he is “on their side”, the speech in Lancashire caps a political week which saw the prime minister gravely damaged on Monday when 148 of his MPs, more than 40% of the parliamentary party, sought to have him removed in a confidence vote.

Johnson and his allies have tried to present his victory – he was backed by 211 MPs – as drawing a line under the turbulent issue of illegal lockdown-breaking parties in Downing Street, and worries about a wider policy drift.

But the sense of ebbing prime ministerial authority has been reinforced by ministers making policy interventions outside their remits, with the health secretary, Sajid Javid, using broadcast interviews on Wednesday to call on the PM to “do more on tax cuts”.

In an increasingly bleak economic backdrop to the speech, a litre of petrol rose to an average of 180.73p, on the verge of breaking the £100 barrier for a tank of fuel for a 55-litre family car.

The Organisation for Economic Co-operation and Development thinktank, meanwhile, predicted that next year the UK would see zero economic growth, the worst anticipated rate among the G7 group of major industrialised nations.

In his speech, Johnson was to acknowledge what he termed “global headwinds”, but promised a route through the crisis, albeit with minimal immediate specifics.

“Over the next few weeks, the government will be setting out reforms to help people cut costs in every area of household expenditure, from food to energy to childcare to transport and housing,” he was to say.

“We will continue to use our fiscal firepower to help the country through tough times – and concentrating our help where we should, on those who need it most.”

On housing, experts warned that the right to buy extension would be counterproductive. The National Housing Federation, which represents affordable housing providers, has calculated there are 4.2 million people in need of social housing in England.

Toby Lloyd, who was Theresa May’s housing adviser in Downing Street when the same plan was dropped, said the resurrection of the idea seemed “like a political positioning statement in terms of headlines instead of a properly worked through policy”.

“Housing associations are not arms of the state,” said Lloyd. “This is not government property; it is not theirs to give away. We need more affordable and social housing not less, and in that context it seems to be particularly unwise to be getting rid of some of the stock we already have.”

Tulip Siddiq, the shadow economic secretary to the Treasury, said Johnson was out of ideas and appeared “unwilling to face the reality that economic growth in the UK will grind to a halt next year”.

She said: “This is a prime minister so deluded he thinks two fifths of his MPs declaring no confidence in him is a good result.”

Daisy Cooper, the Liberal Democrat deputy leader, said Johnson was “going on a jolly to spout more hot air and waffle rather than getting a grip on his government”.

She said: “Johnson’s government is broken. They have absolutely no idea how to help the millions of families struggling with soaring energy bills and sky-high inflation.”
Newsletter

Related Articles

0:00
0:00
Close
Twenty-Nine US States Take Meta to Trial Over Alleged Child Addiction on Instagram and Facebook
Former Scottish National Party Executive Peter Murrell Jailed for Five Years Over £400,000 Embezzlement
Moderna and Merck's Personalized Cancer Vaccine Succeeds in Historic Late-Stage Melanoma Trial
Prince Harry and Meghan to Move Back to Britain With Their Children
England and Wales Have Fewer Than 1,800 Prison Places Left for Men
Royal Navy to Accelerate DragonFire Laser Deployment Against Growing Drone Threat
Northern Ireland Approves Five Hundred Million Pound Belfast Harbour Expansion
Great British Railways Takes Full Control of Avanti West Coast as Rail Nationalisation Reaches Final Stage
UK AI Safety Institute Calls for Mandatory Security Audits of Advanced AI Models
Scotland Secures Three Billion Pounds for Floating Offshore Wind Hub in Aberdeen
Government Overrides Local Councils to Approve Green Belt Housing Across Southern England
UK and EU Move Toward Mutual Recognition of Food Standards to Ease Cross-Channel Trade
Government Plans Multibillion-Pound Private Healthcare Expansion to Cut NHS Surgical Backlogs
Bank of England Signals Faster Rate Cuts as Inflation Falls Below the Two Percent Target
Suspected People Smuggler Arrested After Investigation Identified Him
Children's Doctors Warn That Vaping Can Lead Young People to Smoking
Hundreds of Thousands of Students Receive GCSE and Vocational Results Across England, Wales and Northern Ireland
Here Is What Can Never Happen in Your Country: Taiwan Is Giving Money to All Its People Because It Collected Too Much Tax
UK Inflation Rises to 2.9% as Energy Bills Jump
UK Issues New Conduct Guide for Asylum Seekers on Consent and Respect
Moderna Shares Surge After Positive Personalized Skin Cancer Trial Results
UK Markets Watch US National Debt Surpass Forty Trillion Dollars
UK Broadcasters Urge Government to Invest in Digital Participation and Broadband
CVC Capital Partners and Standard Life Launch Two Billion Pound Pension Risk Transfer Venture
UK Private Sector Productivity Growth Accelerates in Second Quarter
UK Foreign Secretary Ed Miliband Condemns Israeli E1 Settlement Tender
UK Watchdog Investigates Trainline, Virgin Atlantic and RED Driving School Over Hidden Fees
Prince Harry and Meghan Markle Plan Move to Private Home Outside London
UK Retail Sentiment Improves as Summer Spending Boosts Consumer Confidence
UK Aid Cuts Draw Warnings From Charities Over Humanitarian Consequences
UK Financial Conduct Authority Issues Guidance for Motor Finance Redress Scheme
UK Met Office Launches Aviation Programme to Reduce Climate Impact of Persistent Contrails
Former UK Civil Service Chief Received Record 500,000 Pound Severance Payment
West Midlands to Bring Bus Network Under Public Franchising Model
UK Government Drops Plan to Relax Affordable Housing Requirements After Backlash
UK Reaffirms Military Support for Ukraine Despite Russian Hybrid Warfare Threats
UK Technology Sector Expands Nearly 8 Percent as Digital Industry Outpaces Wider Economy
UK Drought Threatens Harvests Across England and Wales as Food Inflation Risks Persist
UK Government Pledges 442 Million Pounds to End Rough Sleeping by Christmas
UK Government Signals Willingness to Reconsider Digital Services Tax Amid US Tariff Threats
UK Inflation Rises to 2.9 Percent as Energy Costs Threaten Economic Recovery
NHS Hospitals Cancel Surgeries as Extreme Heat Pushes Ward Temperatures Above 40 Degrees Celsius
UK Heatwave Forces Emergency Measures as Wildfire Risk, Hospital Disruption and Drought Intensify
A Sleepless Night on Wall Street: Nasdaq to Begin Nearly Round-the-Clock Trading
"The First in the World": 69-Year-Old Protested Artificial Intelligence—and Went to Jail
Ukraine's Ousted Defence Minister Calls for Wartime Presidential Election
UK Marks Ten Years of Night Tube as London Weekend Usage Exceeds Eighty-One Thousand Journeys a Night
Met Office Issues Thunderstorm Warnings Across Northern Ireland Over Flash-Flood Risk
Frasers Group Raises Stake in Hugo Boss to Nearly Forty-Eight Percent
Scottish Clyde Marine Pilots Prepare for Strike That Could Disrupt Glasgow and Greenock Shipping
×