Labour Eyes Major Social Housing Plan

Deputy Prime Minister Angela Rayner suggested Labour will announce a major social housebuilding initiative next month, aiming to address the housing crisis. Labour plans to build 1.5 million homes, requiring at least 90,000 social homes annually. Charity estimates indicate a £11.8 billion investment needed from central government.

Deputy Prime Minister Angela Rayner indicated that Labour is set to announce a significant social housebuilding initiative next month.

Speaking at Labour's conference, Rayner suggested Chancellor Rachel Reeves will address the housing crisis by pledging to build hundreds of thousands of social homes.

Labour aims to construct 1.5 million homes, with experts arguing that 90,000 social homes are needed annually.

The homelessness charity Shelter estimated a required £11.8 billion investment from central government and an additional £23.6 billion from social housing providers.

Rayner also mentioned potential reforms to reduce council house buy-to-let sales.