Starmer’s housing pipe dream: a gift to fat-cat developers
Taylor Wimpey’s eye-watering profits expose Labour’s ‘affordable homes’ plan as a joke. Cushy incentives for private sharks won’t build houses – just bigger exec bonuses, warns SOLOMON HUGHES
IF you want to know why Labour will struggle with their housing promises, it’s worth taking a look at the annual accounts of Taylor Wimpey.
Labour says it will “get Britain building again” and will “deliver affordable housing.” But it won’t do it by the traditional Labour method of building more council houses. Instead, it hopes to cajole the private housebuilders to build more houses.
Labour hopes the extra supply will lower house prices, and this might filter down to lower rents — and that it can do side deals with the private housebuilders to include some social housing in their developments.
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It is painful to observe that neither party intends to end the hellscape of astronomical house prices, rip-off rents and homelessness when the post-war housing programme has all the answers we need, writes NICK WRIGHT