With the General Election less than a year away, Labour has announced plans to build 200,000 homes a year by 2020 as it seeks to secure support from the housebuilding and building products sectors.
Emma Reynolds, Shadow housing minister, promised a “step change” in housebuilding as she criticised the Government’s commitment to the industry.
Measures announced include Help to Build, which will underwrite loans to small builders, as well as plans to build garden cities and new towns in order to “bring an end to landbanking.”
Reynolds commented that “The Tories claim to be the party of home ownership. But the truth is, home ownership today is at its lowest since 1987 – the last time the Tories were in power.”
In response, government spokesperson Brandon Lewis suggested that “Labour's record on housing was truly appalling. By contrast, housebuilding is now at its highest for a number of years.”