Scrapping housing targets will cost renters £200 a year, says Labour

The party said Rishi Sunak’s approach to planning will lead to the lowest rate of housebuilding since the Second World War.

Labour said housebuilding is predicted to drop to the lowest rate since the Second World War (PA) (PA Archive)

Rishi Sunak’s decision to scale back housing targets could cost renters an extra £200 a year by 2030, Labour has claimed as it ramps up its pitch as “the party of home ownership”.

The Opposition promised to never treat tenants “like second-class citizens”, as it suggested the Prime Minister’s approach to planning will lead to the lowest rate of housebuilding since the Second World War.

Last year, Mr Sunak caved in to pressure from Tory backbenchers to make the target of building 300,000 homes a year in England advisory rather than mandatory.