Meeting of the Parliament 22 November 2023
No, thanks.
Looking forward, we are committed to delivering our target of 110,000 affordable homes by 2032, of which at least 70 per cent will be available for social rent and 10 per cent will be in our rural and island communities. That is an ambitious target, but we are making progress. Since 23 March 2022, 13,500 homes have been delivered towards the target, of which 10,500 are for social rent, including almost 23,000 council homes.
We are taking concrete action to boost housing supply, but some matters are beyond our control, whether or not we like that. There are inflationary pressures. Developers have been telling me that construction inflation is at 15 to 20 per cent. Our £752 million budget this year includes at least £60 million to support acquisitions.