Philip Hammond has announced a new £3bn affordable homes guarantee scheme, which he claimed would lead to the delivery of 30,000 new affordable homes across the country.

Giving his Spring Statement to MPs today the chancellor also confirmed £717m from the Housing Infrastructure Fund would go towards building 37,000 new homes in west London, Cheshire, Didcot and Cambridge.

Hammond told MPs the UK had built 220,000 new homes last year, the highest total in all but one of the past 31 years.