Kane Emerson writing in Red Brick Blog
The housing crisis remains one of the most pressing issues facing Britain today. With homebuilding at crisis levels, numbers of households in temporary accommodation rising, and young people struggling to get on the property ladder, Labour recognises the urgent need for action.
Labour has a powerful electoral mandate for bold and ambitious home building. There is also a need for fast wins that deliver rapid, sustainable growth in housing supply through smart urban infill development.
Building more homes is critical for economic growth. Every 100,000 additional homes adds around 0.8% to GDP during construction. However, ambitious long-term projects like new towns will take years to bear fruit. That’s why to get results we must pull other quick levers. Three ‘fast win’ policies could boost housing supply in the short to medium term, without requiring additional central government resources.
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