View more on these topics

Labour hits out at Govt downgrade of housing minister

Labour says housing is “not a priority” for the Government after the housing minister position was downgraded in this week’s reshuffle.

Conservative MP Kris Hopkins replaced Mark Prisk as housing minister on Monday but the job has been downgraded by the Government.

The role has now been made an under-secretary of state rather than minister of state position.

National Housing Federation chief executive David Orr says he is “surprised and disappointed” by the decision to downgrade housing.

Labour replaced Jack Dromey with Emma Reynolds as shadow housing minister and boosted the role to a shadow cabinet position.

Speaking to Money Marketing, Reynolds said: “My promotion as shadow housing minister attending shadow Cabinet demonstrates that Labour and Ed Miliband understand that housing is a priority and a concern for people right across the country.

“The Government’s decision to downgrade the housing brief to under-secretary of state, rather than minister of state level, shows that Government do not see housing as a priority.”

In a response to Money Marketing, Hopkins says: “I believe what’s important is the work we’re doing to deliver more homes and help hard-working people up the housing ladder, not the ministerial title on my red box.”

Recommended

Business-Money-Currency-General-Finance-Notes-700.jpg

Cash in funds of funds at a record £83bn

Multi-asset and multi-manager portfolios in the Investment Management Association’s Mixed Investment 20-60 per cent shares sector are continuing to enjoy their day in the sun, as the amount held in funds of funds hit a record £83bn. According to the latest data from the fund management trade body, Mixed Investment 20-60 per cent Shares notched […]

Financial services regulation and ethics

FCA reviews cash savings market Samuel Dale The Financial Conduct Authority (FCA) is to study the £1 trillion UK cash savings market as part of a competition review, and it may also review competition in the annuities market. The study will be part of a programme surveying across financial services markets and assessing whether or […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment