Chancellor John Healey walks outside, wearing a navy suit with a red tie. He is holding a red folding and is looking to the side. Behind him is a brick wall and black railings. Image source, Getty Images
Image caption,

Chancellor John Healey will present his first Budget on Wednesday

ByElla Kipling and Patrick Jackson
  • Published19 minutes ago

More than £1bn for social and affordable housing in England will be provided in the Budget, taking funding for the government's 10-year homes programme past £40bn.

Mayors and regional leaders across England are also expected to get greater powers and funding in Wednesday's announcement - with councils helped to borrow money from the government to invest in housebuilding through preferential interest rates.