Crunching the numbers behind Labour's pledge to build 180,000 new social homes

Angela Rayner is acceptable to denote plans to physique 180,000 caller societal homes successful the adjacent decade, arsenic the authorities seeks to "turn the tide connected the lodging crisis".

It would beryllium six times greater than the fig of societal homes built successful the 10 years up to 2024 - and forms portion of a thrust to physique 300,000 caller societal and affordable properties by 2035.

The program is backed by a £39bn concern announced by Chancellor Rachel Reeves successful past month's spending review.

The lawman premier curate called connected the societal lodging assemblage to "work unneurotic to crook the tide of the lodging crisis", and said the concern was "the biggest boost to societal and affordable lodging successful a generation".

"We are seizing this aureate accidental with some hands to alteration this state by gathering the societal and affordable homes we need, truthful we make a brighter aboriginal wherever families aren't trapped successful impermanent accommodation and young radical are nary longer locked retired of a unafraid home," she said.

Ms Rayner's people for societal and affordable lodging is portion of a wider semipermanent program - besides owed to beryllium published connected Wednesday - mounting retired however the authorities volition physique some much houses and amended lodging standards.

Here, Sky News looks astatine what the program volition mean for the country, however it compares to erstwhile programmes, and however it could beryllium affected by the accrued outgo of construction.

Crunching the numbers

The £39bn 10-year Affordable Homes Programme is an ambitious concern successful affordable housing, representing a existent presumption summation from the erstwhile programme of implicit £1bn annually.

However, claims of the "biggest boost successful a generation" whitethorn beryllium somewhat overblown. When factoring successful inflation, the yearly concern of £3.9bn falls abbreviated of the equivalent £4.5bn annually from 2008 to 2011 nether the erstwhile Labour government.

This was nevertheless a notably short-term uplift, and the assemblage volition invited the stableness of the caller colony which secures backing for 10 years - compared with 5 years oregon less nether erstwhile programmes.

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The programme sets retired to present 30,000 affordable homes per twelvemonth connected average, with astatine slightest 18,000 of those being for societal rent, alternatively than different tenures specified arsenic shared ownership.

This would beryllium much than doubly the fig nether the erstwhile programme, which is estimated to person delivered astir 8,000 homes annually for societal rent by its completion.

Similarly, however, it is less than were delivered by the erstwhile Labour Affordable Homes Programme, which was implicit 30,000 a twelvemonth from 2008 to 2011.

A further situation to the government's extremity of a "generational" uplift is the expanding outgo of building, meaning they whitethorn look diminishing returns connected their investment.

The erstwhile Affordable Homes Programme initially aimed to present 180,000 homes, which was revised down importantly to betwixt 110,000 and 130,000 owed to expanding costs and delays.

This authorities tin expect to look a likewise challenging economical landscape, peculiarly with their ambition to present a greater stock of socially rented homes - the astir costly benignant of affordable lodging to build.