'Slim chance' government will hit 1.5m new homes target, Rayner tells BBC
Summary
Housing Secretary Angela Rayner said there is only a small chance the government will build 1.5 million new homes in England by 2029. She explained that problems like higher construction costs and global issues make the goal hard to reach, but the government is still working on building more affordable and council homes.Key Facts
- The government aims to build 1.5 million new homes in England by the next election, expected by summer 2029.
- This target means building about 300,000 homes each year, a level not seen for decades.
- Angela Rayner called this a "stretch target" and said it is unlikely but not abandoned.
- Construction starts rose by 15% last year, showing some progress.
- The Prime Minister supports building more council houses, with promises of the largest program since post-war times.
- New planning rules and housing reforms are meant to help increase home building in the future.
- Challenges slowing housing growth include high costs, global conflicts like the Iran war, and worker shortages linked to Brexit.
- Data shows housing construction actually declined during the first year of the current Labour government.
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