If the party wins the election on July 4, it will promise to turn the current mortgage guarantee program—which sees the government act as a guarantor for persons unable to save sizable deposits—into a permanent fixture.
Reintroducing housing objectives as part of his overhaul of the planning system, Sir Keir Starmer claims his actions will result in the construction of 1.5 million extra homes over the next five years.
“After 14 years of Conservative government, the dream of home ownership is out of reach for too many hard-working people,” he’ll say.
“They can’t advance even though they’re doing everything correctly.
A generation that now faces permanent renters.
“My parents’ house served as a foundation for our family and provided them with security. In my role as prime minister, I will make house ownership a reality.”
However, Tory chief secretary to the Treasury Laura Trott cited her party’s much-maligned allegation that Labour will hike people’s taxes by over £2,000 in the next parliament to pay for its programs, saying, “The truth is, Labour’s tax raid will punish first-time buyers.”
“What’s worse, their refusal to back our Family Home Tax Guarantee is the strongest signal yet that your home is next in Labour’s tax grab.”
