Prime Minister Boris Johnson is to set out his vision for lower-paid workers to be able to use housing benefits to buy their homes - and an extension of the right to buy for housing association tenants - in a speech in Lancashire today.
The Prime Minister is seeking to repair his fortunes after a bruising Tory revolt against his leadership.He will hope the pledges to assist individuals onto the property ladder will please rebel MPs and voters who are facing fresh pressures from the cost-of-living crisis.
Mr Johnson will commit to detail “reforms to help people cut costs in every area of household expenditure” over the coming weeks.
He will argue that £30 billion in housing benefit that currently goes towards rent could help people secure and pay for mortgages, according to the Times, which first reported the plan.
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