Only slim chance government will meet target of building 1.5m homes, minister says
Summary
The UK government said it might not reach its goal of building 1.5 million new homes before the next election. Inflation from international conflicts and high construction costs have slowed housebuilding, but the government still wants to focus on building more council houses and affordable homes.Key Facts
- The UK government set a target to build 1.5 million homes by the next election.
- Angela Rayner, the communities secretary, said there is only a "slim chance" of reaching this target.
- Inflation caused by the US war with Iran has increased construction costs and slowed housebuilding.
- Andy Burnham, the prime minister, prioritizes building council houses (homes owned by local authorities).
- The government announced a £10 billion program to build social and affordable homes.
- This program aims to build 70,000 homes outside London, with about 60% as social rented houses.
- London will receive £6 billion for housing at a later date.
- Officials want to make it easier for private builders to get permission for homes near public transport.
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