More political declaratory politics from Labour:
Rachel Reeves has announced a 'landmark' £2bn for affordable housing for fiscal year 2026-27.
However, the current £12bn Affordable Homes Programme (at £12bn over five years up to 2025-26) actually implied an annual expenditure of £2.4bn annually;
Reeves new announcement looks like a reduction, not a 'landmark'!
Of course the Treasury claims this will be increased by (as yet unspecified) 'additional funds'... yeah right!
#housing
h/t FT