Rishi’s housing pledge to bring in young voters

RISHI Sunak will today vow to ‘build the next generation of Tory voters’ with a pledge to ensure houses are put up more quickly by tackling ‘land-banking’.

The Tory leadership candidate will promise to drive up rates of house-building so more people can get on the property ladder.

He plans to do this by cracking down on ‘land-banking’, where developers acquire land but do not develop it in order to make more money. Mr Sunak says it will revitalise the market and allow younger people a better chance to buy buy a first home.

‘We are the standard bearers for capitalism. But we can’t expect future generations to share our belief in capitalism if they can’t get their hands on capital,’ he will say. ‘That’s why I’ll do whatever it takes to build affordable, plentiful housing, building the next generation of Conservative voters.’

Mr Sunak’s proposals will require developers to finish a project before they can be granted new planning permission for other plots in the same local area.