It pains me to say this, but there’s a lot to welcome in Labour’s housing policy.
One particular highlight in the new manifesto is the setting up of a dedicated Department for Housing (and, presumably, planning). The scale of the housing crisis is such that it needs the exclusive attention of a full team of ministers. A commitment to leave them in post long enough to make a difference would have been nice, but you can’t have everything.
Also welcome is the proposal for an “English Sovereign Land Trust, with powers to buy land more cheaply for low-cost housing”. There’s not much detail, however, as to how land can be obtained at low cost. At the very least, it would require getting rid of the ‘hope value’ principle in law, which effectively entitles landowners to the windfall that comes from getting planning permission. It is the planning system that creates this added value not the landowner.
The most eye-catching pledge is to build homes for social rent at a rate of 150,000 a year — two-thirds of which would be council homes. Why councils are favoured over housing associations isn’t explained.
Furthermore, while we certainly need more social housing, there’s no hint that it might provide a stepping stone to home ownership. Indeed, the Right to Buy would be abolished.
There is a promise to “build more low-cost homes reserved for first-time buyers in every area”. But in contrast to the council homes policy, no numbers are attached — suggesting that homeownership is a lower political priority.
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