Council House Building Set to Double Under Angela Rayner’s ‘Housing Revolution’
- Deputy PM Angela Rayner aims to double the number of council houses built
- Nearly £1 billion expected to be unveiled in the October Budget to fund housing projects
- Crackdown on Right to Buy scheme to preserve social housing stock
Story: Angela Rayner, Deputy Prime Minister, is preparing to deliver a significant increase in council house building as part of Labour’s wider housing revolution. In next week’s Budget, Rayner is expected to unveil nearly £1 billion to kickstart the construction of tens of thousands of new homes, aiming to double the current output of council housing.
This funding is seen as the beginning, with more substantial sums planned for the spring 2025 multi-year spending review. Rayner’s housing strategy is a core component of Labour’s ambitious target to build 1.5 million homes over the next five years.
Rayner’s team argues that increasing the stock of council housing will help reduce the £9 billion benefit bill and ease the burden on local councils struggling with the cost of temporary housing. The Deputy PM is also expected to announce changes to the Right to Buy scheme, reducing discounts and extending the required tenancy period from three to ten years before tenants can purchase their homes. For newly-built council houses, the option to buy may be scrapped altogether to protect the dwindling social housing stock.
Tom Church, Co-Founder of LatestDeals.co.uk, commented: "This housing strategy could not only support those in need of affordable homes but also relieve the financial pressure on councils.