Housing Shortage

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25 Mar 2014

What we heard at the Budget last week was totally out of touch with hard-working people facing a cost of living crisis. The Prime Minister says the economy is recovering, but for most people, there is no recovery at all.

On housing for example, hard-working families really needed the Government to take action and build more homes.

We know that the growing housing shortage is central to the cost of living crisis with home ownership sadly out of reach for many ordinary people, however hard they work. Others are struggling with rents that are rising at twice the rate of wage increases, or housing waiting lists that have hit record numbers under this Government.

The Chancellor promised to build more homes in last week’s Budget, but those promises will seem hollow after four years in which he has done nothing to boost housing supply. Along with the Prime Minister, he has presided over the lowest levels of house building in peacetime since the 1920s.

Dealing with the housing crisis will be a major priority for the next government. It’s not enough just to make promises on housing; we need action to deliver the new homes Britain needs. People need a recovery for the many, not just a few at the top.