Boris Johnson's plan to expand the Right to Buy policy to include housing association tenants will be capped, Michael Gove has revealed, as the Prime Minister prepares to deliver a major speech later today in an attempt to reset his premiership.

       Mr Johnson will use a speech this afternoon to announce that households will be given the right to buy the property they rent from housing associations, as they currently can with council houses.

       He will also unveil plans to let people who are paying for rent via housing benefit to get extra support to secure mortgages from banks.

       The ideas will be seen as a key step in what Mr Johnson dubs turning “generation rent” into “generation buy”.

       However, Mr Gove, the Housing Secretary, said the number of people who will be able to benefit from the expansion of Right to Buy will be capped and he was unable to say what the cap will be in a move which is likely to spark fears that the policy may be underwhelming.

       Mr Gove also said the Government will commit to replacing the housing association homes which are sold under the policy on a "like-for-like, one-for-one" basis.

       ？？Follow the latest updates below.

       The expansion of Right to Buy to include housing associations will inevitably spark concerns about the UK's social housing stock because selling more homes will mean fewer are available for future tenants.

       But Michael Gove today insisted the Government will ensure all homes which are sold are replaced on a "like-for-like" basis.

       Told that many council houses originally sold under Right to Buy were not replaced, the Housing Secretary told Sky News: “That is a fair point and one of the things that we will be doing is making sure that there is a replacement, a like-for-like, one-for-one replacement.”

       Michael Gove, the Housing Secretary, was asked a number of times what the cap will be on how many housing association tenants will be able to buy the home they rent but he was unable to say/

       He told Sky News: “We are thinking at the moment about exactly how many can benefit each year and that is something that I will be discussing with housing associations because again of course we have the resources to be able to fund a programme of this kind but we want to make sure housing associations come with us and they recognise that their balance sheets are going to be robust.”

       Told that he must have a rough figure for what the cap will be, Mr Gove said: “We have costed it but again I don’t want to get into speculation about the exact number.”

       Boris Johnson will today announce an expansion of Margaret Thatcher’s “Right to Buy” policy to include housing associations (you can read the full story here).

       Michael Gove, the Housing Secretary, has now revealed that the policy will be capped.

       Asked if the Government will be providing new money to fund the policy, Mr Gove told Sky News: “It will come from the overall parcel, the overall envelope of Government spending at the moment.

       “We expect that we will cap the number of people who will be able to benefit from this initially and then it will grow over time.”

       Good morning and welcome to today's politics live blog.

       Boris Johnson will try to get his premiership back on track this afternoon as he delivers a major speech in an attempt to move on from Monday's bruising confidence vote.

       The speech is expected to be wide-ranging as the PM seeks a reset but it will also include a number of new housing policies which have been trailed overnight.

       Michael Gove, the Housing Secretary, is on the morning media round for the Government so let's start by looking at what he has been saying.

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