Labour hopes its grand housebuilding push will reduce prices – something sorely needed for many young people who cannot afford to buy or rent. Relative to annual earnings, housing has not been this expensive in England and Wales for well over a century. Meanwhile, planning approvals are at the lowest number since records began in 1979.
But will Labour’s plans actually make much difference? Or does it risk making the same mistakes as the previous government? Speak to those inside the industry, and you hear concerns.
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