Jack Dromey MP, Labour’s Shadow Housing Minister, responding to the Government’s announcements on housing, said:
“After all the hype, the Government has announced no new investment in affordable home building for this year or next year, and the £3.3bn announced for the three years from 2015/16 will not even make up for the cut George Osborne originally made in this Parliament.
“The IMF said the Government should bring forward £10bn on infrastructure this year and if the entire infrastructure boost was spent now on housing it would allow the building of around 400,000 homes across the country and support over 600,000 new jobs in construction including 10,000 apprenticeships.
“Today’s cut to the affordable homes budget will be a hammer blow to the hopes of millions of people in need of a decent home at a price they can afford. With housebuilding at its lowest peacetime levels under any Government since the 1920s, the country needed investment now to tackle the biggest housing crisis in a generation and get our economy moving. The Government is presiding over 5 wasted years on housing.”