Answer from Hansard

The Deputy Prime Minister

My hon. Friend is right to talk about the 14 years of failure by the Conservatives. Labour is turning the tide on the housing crisis, and I am proud to announce today our commitment to establishing a new publicly owned national housing bank, backed by £16 billion of new finance. This includes £2.5 billion in low-interest loans for social housing, to help achieve the biggest uplift to social and affordable housing in a generation.