Denton and Reddish MP, Andrew Gwynne, has slammed the Tory government’s record on housing as the Labour Party presents its ambitious plans to expand house building and home-ownership.
Since 2010 home-ownership is down sharply, with almost 200,000 fewer homeowners, private rents rising faster than incomes and affordable house building at its lowest level in 24 years.
Last year the Conservatives built the fewest affordable homes for 24 years, with Ministers cutting government funding for affordable homes by 60% in 2010.
Records show that Labour is the party of home-ownership with the number of home-owners rising by over a million from 1997-2010; whilst under the Tories home-ownership has fallen by almost 200,000.
Research conducted by the ONS also revealed that rising house prices have outstripped wage growth in North West between 2010 and 2016. Currently average house prices are over 3% higher than earning on average across the North West.
Andrew Gwynne said:
“Between 1997 and 2010 the Labour government built two million homes, helped a million more families become home-owners, and put in the biggest investment in social housing in a generation.
“Since 2010 Labour have led the opposition to the Housing and Planning Act, opposing the forced sale of council homes, defeating the government 19 times.
“It’s only Labour who will take bold action to tackle the housing crisis, including direct investment to build 100,000 affordable council and housing association homes a year, to rent and buy as well as a new charter of renters’ rights including ensuring all homes are fit for human habitation.”
 ONS median house prices (Q3 2016 vs Q3 2010) – https://www.ons.gov.uk/peoplepopulationandcommunity/housing/datasets/ratioofhousepricetoworkplacebasedearningslowerquartileandmedian