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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 set to review how to achieve its target of building 200,000 homes a year in the next parliament.

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

On a visit to Stevenage last week, Miliband blasted the local council for restricting building and criticised homebuilders for hoarding land. Miliband said homebuilders’ profits 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 could be built. He will give councils the power to charge fees for unused land or, if necessary, force land sales.

Your Mortgage Decisions director Dominik Lipnicki says: “Every Government talks about this but not enough is being done. We have a massive housing shortage in the South.”

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