Ed Miliband will declare that only a Labour Government will deliver the fairer rents and build the new homes needed for a generation betrayed by this government.
In remarks at a People’s Question Time in Hove, he will say David Cameron has failed working families, including millions of young people, who want a decent home of their own.
“This Government has betrayed young people. From over-crowded school classes to trebling fees for university, David Cameron has failed this generation, loaded it up with debts and crushed aspiration.
“And this government has betrayed working families with a sustained crisis in living standards which, for the first time since the 1920s, will leave people worse off at the end of a parliament than they were at the beginning.
“But nowhere is his failure more dismal than on housing. Young people and families starting out know the dream of having a home of their own is disappearing into the distance. We are building less than half the number of homes we need and young people are being priced out of the market with the average house price now eight times the average wage.
“This Government has achieved nothing but record lows for house building and home ownership – and record highs for working people still living with their parents and young families having to pay rip off charges to rent.”
He will contrast Labour’s plan to build the homes and get the fairer rents families need with uncosted, unfunded proposals being rushed out by a panicked Conservative Party before the election.
“Yesterday the Conservative Party chairman went on TV in an effort to convince people they had a plan for housing. But instead, he couldn’t answer basic questions about where the money will come from or how their latest pie-in-the-sky scheme will work.
“In contrast, Labour has a comprehensive housing plan, not unfunded promises. Our plan is the first of its kind in a generation. It will build hundreds of thousands of new homes where families want to live, ensure that first time buyers from the area are given priority access rights when these houses go on sale, and get fairer deal for millions of families that rent.”
He will set out how the next Labour government will tackle long-standing problems in the housing market which have caused a decline in construction capacity and communities feeling that they have no influence where new homes will go.
And he will show how the next Labour government will take action straight away to help Generation Rent by saving the typical private sector tenant £625 in letting fees.
He will say:
“The cost of a deposit for a first home is rising year on year and soaring rents are squeezing young people’s ability to save. We have a plan to help young people get on the housing ladder.
“We have a plan to build hundreds of thousands of new homes and give priority for those homes to young families just starting out.
“And we have a plan for families who rent with new long-term tenancies to prevent rip-off rent rises. We will include legislation in our first Queen’s Speech to ban letting agent fees charged to tenants, saving Generation Rent more than £1.5 billion over the parliament – or £625 for each family.
“This is a better plan to tackle the cost-of-living crisis with more homes, fairer rents and help for first-time buyers.
“This is a plan which will help fulfil the fundamental aspiration people have in life for a decent home of their own.
“This is a plan which will help restore the Promise of Britain so the next generation can do better than the last based on Labour’s belief that our country succeeds when working families succeed.”
Labour’s better plan for fairer rents and building the homes first-time buyers need.
Labour will ensure fairer rents:
- Legislate for 3-year tenancies giving renters security and peace of mind
- End excessive rent rises by putting a ceiling on rent increases during the new 3-year tenancies
- Ban unfair letting fees, saving the typical tenant £625 over the course of the next parliament and Generation Rent £2.5 billion
Labour will increase the number of new homes built every year to 200,000 by 2020 with priority for first-time buyers by:
- Giving local communities stronger powers to build the homes needed in the places people want
- Getting the public sector back into building
- Tackling land banking through new use it or lose it powers
- Shaking up the housing market by backing SME builders through Help to Build
- Building the next generation of Garden cities
- Granting first time buyers from the area priority access rights when these new homes go on sale.