Oral Answers to Questions Debate

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Department: HM Treasury
Tuesday 8th April 2025

(6 days, 15 hours ago)

Commons Chamber
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Rachel Reeves Portrait Rachel Reeves
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The key thing we need to do is build the homes our country desperately needs. That is why I put £600 million of investment into creating 60,000 additional places for people to learn the construction skills we need, and into good jobs, paying decent wages and building the homes we need. That is also why we are reforming the planning system, so that we can actually get those homes built. We are backing the builders, not the blockers, which is what the Conservatives did.

Alison Bennett Portrait Alison Bennett (Mid Sussex) (LD)
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At the weekend, The Times revealed the problems in the retirement housing market, in terms of both new builds and resales, and many of my constituents have been experiencing a loss on the houses and flats that they have inherited. Does the Chancellor consider the housing market to be adequately providing decent, affordable homes for those who are downsizing as well as first-time buyers?

Rachel Reeves Portrait Rachel Reeves
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I would be very happy to arrange a meeting for the hon. Lady with the relevant Minister to discuss some of those specific issues around retirement properties. She makes a really important point. We need to make it easier for people to downsize to free up those properties, including in the private sector, so that more homes are available for families.