Labour criticised over lack of affordable housing target

The Labour Party has faced criticism from the thinktank Common Wealth for the omission of a specific 40% affordable housing target for new towns in its recently published manifesto. This target was previously announced by Angela Rayner, the Deputy Labour Leader, during the UKREiiF (UK Real Estate Investment and Infrastructure Forum) last month, where she emphasized that new developments should adhere to a “new towns code” which includes ensuring 40% of homes are for affordable tenures.

Despite the absence of this specific target in the manifesto, Labour sources have reassured that the policy remains in place and committed to setting a gold standard target of 40% for affordable and social housing in new towns​ (Travers Smith)​.

The Labour manifesto does include broader commitments to housing, pledging the biggest increase in social and affordable housebuilding in a generation. This includes a plan to build 1.5 million new homes over the next parliament, re-instating mandatory housing targets, and providing new planning powers to combined and mayoral authorities to better strategize housing growth in their areas. This initiative aims to strengthen sustainable development and will be funded by increasing the stamp duty surcharge for non-UK residents​ (Travers Smith)​.

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