Labour has launched its full manifesto ahead of the general election. It sets out to convince voters that the party can be trusted with the economy and promises that all its policies will be fully funded.
The manifesto has been criticised for offering few new policies.
Labour’s plans for housing are largely based on the Lyons Report. The party wants to build 200,000 homes a year by 2020, give local communities new powers to build and to offer homes to first-time buyers first.
Earlier this month Labour also stated its intention to use the Help to Buy ISAs to fund a Future Homes Fund that would increase the housing supply.
Key property pledges:
- Build 200,000 homes a year by 2020
- Devolve power to Scotland, Wales and the cities and counties of England
- Tackle landbanking so that developers with planning permission have to use it
- Regulate letting agents and ban letting agent fees on tenants
- Build more affordable homes by prioritising capital investment in housing
- Reform the council house financing system
- A fairer private rented sector
- Scrap non-dom status
- Cut and then freeze business rates for more than 1.5m smaller business properties
- Protect green belt and restore brownfield-first principle.
