May to appeal to low-paid voters with new social housing pledge

Photo of May to appeal to low-paid voters with new social housing pledge
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May is announcing the proposal to create a new generation of housing to rent as Labour reveals its Robin Hood tax

Theresa May will vow to “fix the broken housing market” and arrest a decline in social housing by announcing a scheme designed to boost the number of new council homes for rent.

In an attempt by the prime minister to reach out to low-paid workers, she will announce a plan to offer funds, loans and new powers to councils and housing associations to help them build a new generation of social housing for renters. She will also pledge to give the new tenants the option to buy the property after 10 to 15 years.

Related: Tories ahead by 15 points despite gain for Labour, poll finds

Related: Labour hints that it will pledge to abolish university tuition fees

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view The Guardian: Economics
#financial sector
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#john mcdonnell
#tobin tax
#general election 2017