Labour Announces £2 Billion for Affordable Housing in Major Investment Push

The funding, described as the largest boost in a generation, will support 18,000 new homes and address backlash over welfare cuts and fiscal tightening.

• Chancellor Rachel Reeves unveiled £2 billion for social and affordable housing, funding 18,000 homes as part of Labour's pledge to build 1.5 million homes by 2029.
• The investment is framed as a 'down payment' ahead of a larger spending review in June 2025, bridging the gap between current housing budgets and future allocations.
• Labour leaders, including Angela Rayner, are positioning the move as a key step to address the UK's housing crisis, with over 1.3 million households on waiting lists.
• The announcement follows backlash from Labour MPs over £5 billion in welfare cuts and fiscal rules that critics argue restrict economic growth strategies.
• Concerns remain over the feasibility of Labour's housing targets, with experts questioning construction capacity and resource availability to meet the ambitious goals.

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