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Labour Unveils £7 Billion Plan for Affordable Homes

11/7/2025

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Summary

Story summary

Housing Secretary Steve Reed announced a £7 billion investment to build affordable and social homes in England's "Red Wall" areas.
The funding will support regional mayors in Greater Manchester, the West Midlands, and the North East as Labour aims to build 1.5 million homes before the next election.
Critics raised concerns about Labour's past support for developers, and Reed highlighted urgency due to 170,000 homeless children.

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Story summary

Housing Secretary Steve Reed announced a £7 billion investment to build affordable and social homes in England's "Red Wall" areas.
The funding will support regional mayors in Greater Manchester, the West Midlands, and the North East as Labour aims to build 1.5 million homes before the next election.
Critics raised concerns about Labour's past support for developers, and Reed highlighted urgency due to 170,000 homeless children.