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Ed Miliband attacks builders over lack of new homes

Labour leader Ed Miliband has launched a blistering attack on housebuilders and “stuck in the mud” councils as he bids to build more homes.

Money Marketing revealed last month that Labour was to launch a policy review on how to achieve its target of building 200,000 homes a year in the next parliament.

Labour has today launched its Housing Commission review led by Sir Michael Lyons, who will examine how local authorities can grow towns, force developers to build or sell land and build new towns.

On a visit to Stevenage today, Miliband blasted the local council for restricting building and took aim at homebuilders for hoarding land.

Miliband said profits at homebuilders had “gone through the roof” since 2010, rising 557 per cent as homebuilding has stalled.

He said builders are hoarding land where up to one million new homes can be built so he will give councils the power to charge fees for unused land or, if necessary confiscate land.

He said: “I want to send a clear message today: we will tackle those councils that block homes, those developers that hoard land and this Government that fails to act on the worst housing shortages for a generation.

“We will stand up for home builders and first-time buyers, and take on those who stand in the way of working people and their children having the decent homes they deserve.”

In an interview with Money Marketing last month, Shadow Housing Minister Emma Reynolds set out Labour’s housebuilding plans including the prospect of building  towns on the green belt.

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Comments

There are 4 comments at the moment, we would love to hear your opinion too.

  1. “He said builders are hoarding land where up to one million new homes can be built”

    I didn’t realise that profits were optional in the housebuilding industry? Does Mr. Miliband think that developers are not developing land just because they can?

  2. Derek Bradley ceo Panacea Adviser 16th December 2013 at 1:23 pm

    “take down a telegram, Bob. To Sir Michael Lyons, Millbank, Westminster. Congrats stop. Have found only person in world less funny than you stop. Name Miliband stop. Oh, and put a P.S.: please, please, please stop”.

  3. Miliband – the man with Milli -Intellect. (But in that he’s not unique in Westminster).

    What about other measures?

    Regional policy? Why allow more people in London?
    Immigration – do we really need more people? (See point above)
    Regeneration. Look at all the empty buildings, shops and offices.
    Reduce or abolish Stamp Duty id you are really serious about people finding homes. (You won’t do that because Stamp Duty is a tax Gold Mine that you just can’t afford to lose.)

    So – like so much else – will ALL politicians just hold their tongues and let the market just get on with it.

  4. I will be polite….. twit

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