Oral Answers to Questions

Debate between Rachel Reeves and Rupa Huq

Tuesday 8th April 2025 Commons Chamber

[Dr Rupa Huq (Ealing Central and Acton) (Lab)]

4. What steps she is taking with Cabinet colleagues to increase the affordability of new homes.

[The Chancellor of the Exchequer (Rachel Reeves)]

The Prime Minister and the Deputy Prime Minister have set out our ambitions to build 1.5 million homes during this Parliament as part of our plan for change. At the spring statement I announced steps towards that ambition, with an additional £2 billion investment in social and affordable housing next year as a down payment on further investment at the spending review in June.

[Dr Huq]

I welcome the Chancellor’s “build, build, build” policy, but with temporary housing in London costing £4 million a day, soaring rents and a frozen local housing allowance, it is no wonder that London councils fear going bankrupt and having to rehouse people from outside the capital, where only 5% of homes are affordable. In the comprehensive spending review, will my right hon. Friend look into possibly uprating this stingy Tory legacy, so that Londoners are not forced out of London?

[Rachel Reeves]

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.