UK's Labour Party's "Freedom to Buy" housing initiative not mentioned in King's Speech, leaving its inclusion in Budget uncertain.
The UK's Labour Party has not included its "Freedom to Buy" housing initiative in the King's Speech, raising doubts about its inclusion in the upcoming Budget. This program aimed to assist 80,000 young first-time buyers amid rising interest rates. Chancellor Rachel Reeves plans to announce new funding for affordable homes, reduce Right to Buy discounts, and implement a five-year rent cap for social housing, addressing the ongoing housing crisis.
October 28, 2024
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