LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Rishi Sunak reveals why government scrapped housebuilding target – London Wallet

Mark Helprin by Mark Helprin
April 14, 2023
in Real Estate
Rishi Sunak reveals why government scrapped housebuilding target – London Wallet
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

EYE NEWS UPDATE: Government caps ground rents in ‘game-changing shake up of leasehold system’ – London Wallet

Is OnTheMarket on course to become the UK’s leading property portal? – London Wallet

Two property firms expelled from The Property Ombudsman – London Wallet

Rishi Sunak

Rishi Sunak has admitted that the government scrapped national housebuilding targets because Tory members do not approve of them.

The prime minister was branded weak by Labour after bowing to pressure from rebel backbenchers over housebuilding targets in December 2022, in a move described as a “unconscionable” by the shadow levelling up secretary, Lisa Nandy.

Campaigners fear that the government’s decision to scrap mandatory targets for local councils in rural and suburban areas puts at risk the Tory’s manifesto pledge to build 300,000 new homes a year.

The governing party watered down the government’s target to build 300,000 homes every year following a furious backlash from his own party’s MPs.

A Commons vote on the Levelling Up and Regeneration Bill had to be dropped last December after 60 Conservatives signed an amendment calling for the mandatory target to be abolished.

In an interview with the ConservativeHome website yesterday, the PM accepted that his party had ditched the government’s 300,000-a-year new homes target to satisfy the party’s grassroots.

He said: “I spent a lot of the time over the summer when I was talking to so many of our members, so many of our councillors, about our planning system and their views on it.

“What I heard, consistently, particularly from our councillors and our members, was what they didn’t want was a nationally-imposed, top down set of targets imposed telling them what to do.”

Speaking in December last year, shadow housing secretary, Lisa Nandy, said: “It is utterly shameful that the prime minister admits he ditched housing targets because he’s too weak to stand up to Tory members.

“That decision has pushed housebuilding off a cliff and exacerbated a housing crisis that was already causing misery for millions of families and young people, but Rishi Sunak clearly thinks that’s all OK because a few thousand Tory members are happy.

“We need a prime minister that puts our country before his party.”

 

Scrapping housebuilding target would deal £17bn blow to economy, OBR warned

 





Source link

Share30Tweet19
Previous Post

Pollution deterring homebuyers, survey suggests – London Wallet

Next Post

Plan of Titanic tipped to sell for £200,000

Mark Helprin

Mark Helprin

Recommended For You

EYE NEWS UPDATE: Government caps ground rents in ‘game-changing shake up of leasehold system’ – London Wallet
Real Estate

EYE NEWS UPDATE: Government caps ground rents in ‘game-changing shake up of leasehold system’ – London Wallet

January 27, 2026
Is OnTheMarket on course to become the UK’s leading property portal? – London Wallet
Real Estate

Is OnTheMarket on course to become the UK’s leading property portal? – London Wallet

January 27, 2026
Two property firms expelled from The Property Ombudsman – London Wallet
Real Estate

Two property firms expelled from The Property Ombudsman – London Wallet

January 27, 2026
Homeownership costs poised to rise sharply – London Wallet
Real Estate

Homeownership costs poised to rise sharply – London Wallet

January 27, 2026
Next Post
Plan of Titanic tipped to sell for £200,000

Plan of Titanic tipped to sell for £200,000

Related News

Inflation is slowing. Here’s why prices still aren’t going down

Inflation is slowing. Here’s why prices still aren’t going down

May 12, 2024
Fulham vs Man United: Premier League – LIVE!

Fulham vs Man United: Premier League – LIVE!

November 4, 2023
Broadway musical featuring music of Britney Spears to close next month

Broadway musical featuring music of Britney Spears to close next month

August 22, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • jutawantoto
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?