Reeves reaffirms 1.5 million homes commitment

“The housing crisis is one of the greatest challenges that we face,” Ms Reeves said at the party conference on Monday (29 September).

“Every family deserves the security, safety and the joy of a good home. That is why we are powering ahead with our commitment to build 1.5 million homes in this parliament. And any plan to match the scale of that housing crisis must involve a major role for social housing.

“Which is why I allocated £40bn in the Spending Review just a few months ago. The biggest cash investment into council, social and affordable housing in a generation.”

Ms Reeves’ emphasised that economic renewal “will rest on stability” and said she will make her choices at the Budget, which she is due to deliver on 26 November.

She said: “Our first year in power was about fixing the foundations. Our second must be about building a renewed economy for a renewed Britain.

“A renewed economy that works for working people – and rewards their contribution. A renewed economy, where we reject austerity and support our public services. A renewed economy that supports investment, that gets inflation and borrowing down, and where we build growth in every part of Britain.

“I will make my choices at that Budget. They will be choices to take our country forward. And whatever tests come our way, whatever tests come my way, I make this commitment to you: I will take no risks with the trust placed in us by the British people.”

Ms Reeves added: “Our economic renewal will rest on stability, to keep taxes, inflation and interest rates as low as possible. Economic reform to unlock the contribution of businesses and working people. And investment, in every part of Britain.”