Housing crisis will worsen under next Tory government, Labour claims
Andrew Grice has been Political Editor of The Independent since 1998. He was previously Political Editor of The Sunday Times, where he worked for 10 years, and he has been a Westminster-based journalist since 1982. His column, Inside Politics, appears in The Independent each Saturday.
Thursday 31 July 2014
The average deposit for people buying a home will be £72,000 by 2020 if the Conservatives win another five years in power, the Labour Party will claim today.
Figures calculated by officials in the House of Commons Library show that the average house price in the UK would be £359,000 by 2020 – 13 times the average wage. Labour said this would lock hundreds of thousands of families and young people out of the housing market.
Emma Reynolds, the shadow Housing Minister, will say today that, on current trends, the gap between the demand for and supply of housing in England by the end of the 2015-2020 parliament would be 1.3m homes, the equivalent of three cities the size of Birmingham.
The “gap” would be 383,475 homes in London; 214,875 in the South East; 156,300 in the East of England; 117,925 in the West Midlands; 114,375 in Yorkshire and The Humber; 102,350 in the East Midlands; 95,850 in the North West; 90,075 in the South West and 41,800 in the North East.
Video: What can be done to solve the housing crisis?
In the latest of Labour’s speeches spelling out “the choice” at next year’s general election, Ms Reynolds will contrast the “aspiration gap” under the Tories with Labour’s pledge to build at least 200,000 homes a year by 2020. Ms Reynolds will claim: “While the Tories say the housing market is back on track, the truth is they’ve presided over the lowest level of house building since the 1920s. We’re not even building half the homes we need to keep up with demand.”
Yesterday the Government unveiled a £3m fund to kickstart work on up to 85 housing sites and help tackle planning delays preventing the building of new homes. Brandon Lewis, the Housing and Planning Minister, said the new fund for councils would create jobs as well as up to 25,000 new homes.
He said: “In 2010 we inherited a housing industry in paralysis - where neighbours and developers were at loggerheads, aspiring home owners couldn't get on the property ladder and housebuilding levels were at their lowest since the 1920s.”
- 1 Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
- 2 Prince held a Facebook Q&A and this is the only question he answered
- 4 Now we know whose fault it is if you end up being murdered in Thailand
- 5 35,000 walrus gather ashore on north-west Alaska beach 'for a rest'
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
The Osborne Ultimatum: Chancellor’s benefits freeze bombshell will affect ten million households
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Should gay sex be illegal? 16% of Britons think so
Mark Reckless becomes second Tory MP to defect to Ukip in a month
Benefits 'smart cards' plan revealed by Iain Duncan Smith to stop claimants spending welfare money on alcohol
- < Previous
- Next >
£18000 - £23000 per annum + Uncapped OTE: SThree: SThree Group have been well ...
£18000 - £23000 per annum + OTE: SThree: Real Staffing Group is seeking Traine...
£120 - £140 per day: Randstad Education Leeds: We have an exciting opportunity...
Competitive: Randstad Education Manchester: SEN Teacher urgently required for ...