{"id":286887,"date":"2025-06-11T00:44:04","date_gmt":"2025-06-11T00:44:04","guid":{"rendered":"https:\/\/peraltafinancing.com\/uncategorized\/rachel-reeves-set-to-unveil-39-b-housing-boost-plan\/"},"modified":"2025-06-11T00:44:04","modified_gmt":"2025-06-11T00:44:04","slug":"rachel-reeves-set-to-unveil-39-b-housing-boost-plan","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=286887","title":{"rendered":"Rachel Reeves Set To Unveil 39 B Housing Boost Plan"},"content":{"rendered":"


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Rachel Reeves<\/a> will announce plans to spend nearly \u00a340 billion building affordable homes in a bid to solve the UK\u2019s housing crisis.<\/p>\n<\/div>\n

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The chancellor will outline details of the cash boost in the spending review on Wednesday.<\/p>\n<\/div>\n

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It will be seen as a major victory for Angela Rayner<\/a>, the deputy PM and housing secretary, who has been locked in a battle with the Treasury for more funding for her department. <\/p>\n<\/div>\n

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Under the plans, \u00a339bn will be spent over the next 10 years on a social and affordable homes programme, which works out at \u00a33.9bn a year.<\/p>\n<\/div>\n

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The last five-year programme, which comes to an end in 2026, was worth \u00a311.5bn, or \u00a32.3bn a year. <\/p>\n<\/div>\n

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A government source said: \u201cThe government is investing in Britain\u2019s renewal, so working people are better off. <\/p>\n<\/div>\n

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\u201cWe\u2019re turning the tide against the unacceptable housing crisis in this country with the biggest boost to social and affordable housing investment in a generation, delivering on our commitment to get Britain building.\u201d<\/p>\n<\/div>\n

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Reeves will confirm plans to spend billions on new transport links in the north and Midlands, and fund the completion of a new nuclear power station at Sizewell C.<\/p>\n<\/div>\n

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The NHS and Ministry of Defence are expected to be the big winners in the financial settlement, with other departments facing real terms cuts<\/a> to their budgets as Reeves tries to balance the nation\u2019s books.<\/p>\n<\/div>\n

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The chancellor will tell MPs: \u201cThis government is renewing Britain, but I know too many people in too many parts of the country are yet to feel it. <\/p>\n<\/div>\n

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\u201cMy task \u2013 and the purpose of this Spending Review \u2013 is to change that.<\/p>\n<\/div>\n

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\u201cTo ensure that renewal is felt in people\u2019s everyday lives, their jobs, their communities.<\/p>\n<\/div>\n

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\u201cSo that people can see a doctor when when they need one, know that they are secure at work and feel safe on their local high street.<\/p>\n<\/div>\n

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\u201cThe priorities in this Spending Review are the priorities of working people. To invest in our country\u2019s security, health and economy so working people all over our country are better off.<\/p>\n<\/div>\n

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That is what this Spending Review will deliver.\u201d<\/p>\n<\/div>\n

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She will add: \u201cI have made my choices. In place of chaos, I choose stability. In place of decline, I choose investment. In place of retreat, I choose national renewal. <\/p>\n<\/div>\n

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\u201cThese are my choices. These are this Government\u2019s choices. These are the British people\u2019s choices.\u201d<\/p>\n<\/div>\n<\/div>\n