Housing: New Homes Target

Baroness Scott of Bybrook Excerpts
Thursday 24th April 2025

(1 day, 20 hours ago)

Lords Chamber
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Baroness Scott of Bybrook Portrait Baroness Scott of Bybrook (Con)
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My Lords, but does the Minister agree with the OBR’s experts that the Government are set to miss their 1.5 million homes target?

Baroness Taylor of Stevenage Portrait Baroness Taylor of Stevenage (Lab)
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I thank the noble Baroness. The OBR’s economic and fiscal outlook forecast net additions to the UK housing stock to be 1.3 million, but we have to take alongside that the work that we have done since then on skills, the new homes accelerator and government funding for social and affordable housing. The trajectory of all that is very much in the right direction. We know there is more work to do; we are determined to do it; and we are very happy to stick with our ambitious target.