Autumn Statement: Chancellor outlines plans to tackle lack of housing

// HA News

The Chancellor has confirmed that an upcoming Housing White Paper will confront the lack of housing stock in the UK today.

Chancellor Philip Hammond reiterated the previous announcement that this government intends to invest £1.4bn to deliver 40,000 affordable homes across Britain

He also announced that they will “relax restrictions on government grants” to “widen” the types of homes being built to meet demand.

Back by unpopular demand

Hammond also announced that the controversial 'Right to Buy' scheme will be making a return, with a “large scale regional pilot of right to buy for housing association tenants.” This policy has been largely unpopular in the housing industry, with many of the opinion that it ultimately depletes the UK’s housing stock.

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