Government announces new plan for housing to help 'generation locked out of the property market'

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The government has unveiled a major housing package aimed at tackling the shortage of affordable homes and boosting social housing availability.

The Budget will reportedly deliver more affordable housing, ensure social housing is available for those who need it and turbocharge the delivery of 1.5 million homes as the Chancellor commits to rebuilding Britain.

The Government will also consult on a new 5-year social housing rent settlement, which caps the rents social housing providers can charge their tenants, to provide the sector with the certainty it needs to invest in new social housing.

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