Rachel Reeves to unveils £39bn housing boost in spending review shake-up

Chancellor promises biggest investment in social and affordable homes in a generation to hit 1.5m target

Rachel Reeves will raise government spending on affordable housing by nearly double on Wednesday, providing a major boost to the housebuilding sector and bringing the government's housing targets a step closer.

The chancellor will announce nearly 40bn worth of grants to be spent over 10 years for local authorities, private developers and housing associations - a major increase on the previous programme.