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SPRING STATEMENT MISSED OPPORTUNITY FOR THE PRIVATE RENTAL SECTOR Rachel Reeves Portrait Members 4031
The chancellor’s spring statement
Outlining the statement to MPs
million homes by the end of this
was a missed opportunity for the
in the House of Commons on
parliament, falling short of its
private rental sector (PRS).
March 26, Ms Reeves said the
manifesto promise of 1.5 million.
Despite a focus on planning
government’s planning reforms
Alongside this was the
reforms, money for construction
will deliver an extra 170,000
announcement of £625 million to
worker training and cash to build
homes by 2029/30. This was
be spent in England on training
new social and affordable housing,
backed up by the Office for
60,000 construction workers and
the chancellor Rachel Reeves
Budget Responsibility (OBR)
an additional £2 billion to build
made no mention of how she
which suggested the government
18,000 new social and affordable
might help the PRS.
is on track to build an extra 1.3
homes next year, something which
April 2025