Party ‘can’t deliver’ on housing

CRITICS have questioned Labour’s plans to cap the price of 100,000 new homes for first-time buyers.

In another uncosted spending pledge, the party promised to prioritise people ‘let down most by a broken housing market’.

Unveiling a ‘New Deal’ on housing, Jeremy Corbyn proposed 100,000 discounted ‘FirstBuy’ homes, as well as a stamp duty holiday for first-time buyers. The Tories claimed the policy would cost more than £4billion a year. Mr Corbyn said Labour would also build 100,000 affordable homes a year by 2022, including what they claim will be the biggest council housing programme in more than 30 years.

But Andrew Percy, minister for the Northern Powerhouse, said: ‘This is just another unfunded promise Jeremy Corbyn can’t deliver. Last time Labour crashed the economy, house building fell to its lowest peacetime level since the 1920s.’