14:54 PM, 4th October 2017, About 4 years ago 14
Theresa May’s grueling speech to the Tory party conference pledged to fix the broken housing market and to fulfil the “British Dream” for you people to own a home, but it was light on new policy details and money.
On the PRS May said that she wanted to give redress to tenants where landlords did not adequately maintain their homes. Another nod to the compulsory Redress scheme for private landlords muted on Sunday.
On the housing market, May restated that it was the Tories who introduced Help to Buy but “the election result shows that is not nearly enough” to redress the generation inequality that the average house price is now 8 times average earnings.
She also confirmed that there will be an additional £2bn for affordable housing, increasing the budget to over £9bn. However, there was no mention of the number of additional homes this would create, but new homes for social rent at below market rates need to be built where the need is the greatest.
Mrs May told, or warned, developers that the government will make land available, but it they must take the responsibility to build homes people need.
Unlike recent Prime Ministers though she told the conference that it was her mission to solve the housing crisis and she would take personal charge.
Will this be sufficient compared to Jeremy Corbyn’s promise to build a million new homes if Labour were to get into power?
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