Against a backdrop of recent significant changes to the public purse – including a £20-per-week cut to Universal Credit and the end of the furlough scheme – Rishi Sunak revealed his economic plan for post-pandemic Britain in his Budget and Spending Review today.

In it, the Chancellor laid out his plan for a new post-covid economy, and for what he says is a new ‘Age of Optimism’.

From cuts on alcohol duty, to investment in skills and education, Mr Sunak says his plan will deliver a stronger economy for British people, with more robust growth, public finances, and employment. Supporting people with the cost of living – levelling up – remains, he assures us, a key priority for the government.

The Chancellor assured us that his Budget’s success will be measured not by the billions the government plans to spend, but by the outcomes they achieve, and the difference they make to people’s lives.

We’ll have to wait to see if Mr Sunak’s plans deliver on his ambitions and stand up to scrutiny. In the meantime, here’s our quick round up of his main spending plans for the UK’s housing sector.

  • £1.8bn fund to unlock 1,500 hectares of brownfield land for new housing
  • £11.5bn affordable homes programme
  • £1.7bn levelling up fund, to be invested in ‘the infrastructure of everyday life’
  • £640m per year to help to end homelessness and rough sleeping
  • £800m to help decarbonise social housing
  • £450m to subsidise heat pumps
  • A tax on developers to help create a £5bn fund to remove unsafe cladding
  • No increase to the rate of Local Housing Allowance (the rate at which housing benefit is calculated), despite calls from the sector for a review