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The Guardian // World // Europe

Rachel Reeves to unveils £39bn housing boost in spending review shake-up

Tuesday 10th June 2025, 9:30PM

Chancellor promises biggest investment in social and affordable homes in a generation to hit 1.5m targetRachel Reeves will raise government spending on affordable housing by nearly double on Wednesday, providing a major boost to the housebuilding sector and bringing the government’s housing targets a step closer.The chancellor will announce nearly £40bn worth of grants to be spent over 10 years for local authorities, private developers and housing associations – a major increase on the previous programme. Continue reading...

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