13:22 PM, 24th September 2021, About 11 months ago 10
Before the Labour Party conference, Lucy Powell, Shadow housing secretary said: “Labour is the party of homeownership, the Tories are the party of speculators and developers. They treat housing as a commodity, not the bedrock of stable lives and life chances.”
Labour has announced plans to:
Give councils powers to force landowners to sell vacant sites to build new housing at lower prices than the compulsory purchase system currently allows.
Give first-time buyers exclusive rights to purchase new-build homes for six months.
Slash affordable rents to only 30% of average household income
Restrict to 50% the number of properties in a development that can be sold to overseas buyers.
In Lucy Powell’s conference speech preview, she says: “The country is facing a housing crisis with the link between hard work and getting on the housing ladder broken for many. Insecure tenancies and expensive rents, make it hard for people who play by the rules to get on in life. The challenges of affordability, an ageing population, building safety and the climate emergency all mean we need a bold new approach.
“We will build a new settlement on housing, with a first step today forcing developers to build more truly affordable homes, and giving first time buyers’ first dibs on new developments so they can’t just be sold off-plan to second homeowners or foreign investors.
“Labour is the party of home ownership, the Tories are the party of speculators and developers. The Conservatives’ failures on housing today mean that they don’t have the answers to solve the challenges of tomorrow. They treat housing as a commodity, not the bedrock of stable lives and life chances.”
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