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Shadow chancellor Ed Balls has called for 100,000 new affordable homes to be constructed as well as a two-year stamp duty holiday for all first time buyers purchasing properties up to £250,000 in a bid to help more people gain a foot on the housing ladder and kick-start economic growth, during a Labour conference speech earlier today.
MP Jack Dromey has spoken out in favour of a proposal to develop up to 70,000 new homes in Birmingham to help tackle "the biggest housing crisis in a generation".
The Labour party has vowed to develop 70,000 new homes in Birmingham by 2026, if the party gains control of the city council in May.
Shadow chancellor Ed Balls has called for a fresh tax on bank bonuses to help fund the construction of 25,000 new affordable homes, which he believes will create up to 100,000 new jobs.
Build Absolutely Nothing Anywhere Near Anyone.
I can exclusively reveal that the first housing pledge of the new coalition Government is a promise to build three new homes by 2020.
That is a joke - I hope. Labour claimed they were going to build three million new homes by 2020 and how we laughed. Under our shamefully slow and ineffective planning system, it can take months to get permission for an awning over the guinea pig cage, yet alone for new homes.
Which political party is best suited to govern this nation's housing market?
Political history will be made tonight when the leaders of the three main political parties take part in the first ever live TV debate that is expected to attract around 20 million viewers. But which party is best suited to govern this nation's housing market?
Prime Minister Gordon Brown has finally confirmed that the General Election will be held on 6 May. But what will each of the parties do to increase the supply of much needed new homes? How will they help more first-time buyers onto the housing market?
Politicians are furious that the chief executives of two new home developers have been paid bonuses despite the fact that their firms received kickstart grants.
It has been reported that the chief executives of housebuilders Taylor Wimpey and Persimmon were paid almost £1.2m in bonuses for 2009, despite the fact that their companies received close to £40m in kickstart funding.