Thursday, June 09, 2022

Helping people with the cost of living

Today, the Prime Minister sets out a clear vision to tackle the cost of living, including our commitment to get more people onto the property ladder – decreasing the huge amount of money spent on renting and affording more people the security of their own home.

  • Home ownership provides people with security in the most challenges of times, but declining home ownership rates means we must do more to help people onto the property ladder.
  • That is why the Prime Minister is setting out today the Conservatives' commitment to reversing declining ownership rates and unlocking the opportunity of home ownership, putting more people in the position to buy and ensuring people are incentivised to save for a deposit no matter their financial situation – including housing association tenants. 
  • These measures sit alongside setting out reforms help people cut costs in every area of household expenditure, from food to energy to childcare to transport and housing as we tackle the cost of living in every possible area.

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