Friday, 1 May 2015

Labour Will Start Construction on 1m New Homes By 2020

Ed Miliband has upped his offer on housebuilding by saying a Labour government will “start construction on 1m new homes by 2020” – an increase on the party’s pledge last year to build 200,000 home a year by 2020. The pledge, part of a package on housing held back by Miliband from the manifesto launch until the campaign itself, was combined with a pledge first made in 2010 but apparently dumped to offer a stamp duty holiday for first-time buyers on homes worth up to £300,000. Labour polling shows that offers to build vast numbers of houses annually do not play as well with voters as specific offers to help first-time buyers. Polling also suggests rent control is a popular policy. Read more on the Guardian website.

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