Jack Dromey MP, Labour’s Shadow Housing Minister, said on official statistics today that show the Government’s NewBuy scheme has only delivered 1,500 of the 100,000 mortgages promised by David Cameron:
"David Cameron hyped up NewBuy, raising the hopes of young people and families all around the country, but it has not been enough to reverse the Government’s failed housing and economic policies which have made the biggest housing crisis in a generation worse, not better, and led to a flatlining economy.
"The Government needs to take urgent action to kick-start the economy now, building new affordable homes and creating thousands of jobs and apprenticeships, as Labour has called for.
"These figures show that David Cameron can’t hit any of his targets when it comes to the economy or housebuilding."<div>