Spending Review: Reeves announces £39bn boost for social housing

Transcript

00:00As we build a strong and secure and resilient economy working people must

00:06feel the benefits. That starts with the security of a proper home. Our planning

00:12reforms have opened up the opportunity to build. Now we must act to make the

00:18most of those opportunities and a plan to match the scale of the housing crisis

00:23must include social housing. Neglected for too many decades but not by this Labour

00:32Government. And so led by my right honourable friend the Deputy Prime

00:37Minister we are taking action. I am proud to announce the biggest cash

00:42injection into social and affordable housing in 50 years. A new affordable

00:51homes program in which I am investing £39 billion over the next decade. Direct

00:58government funding to support house building especially for social rent. And

01:04I am pleased to report that towns and cities including Blackpool, Preston,

01:10Sheffield and Swindon have already had plans to bring forward bids to build

01:14those homes in their communities.

01:21audience member

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01:42Disc inadmiration