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What does Labour’s new green paper ‘Housing for the many’ mean in practice?

Jeremy Corbyn and Shadow Housing Secretary John Healey launched Labour’s green paper on social housing last week. The headline statistic is that Labour plan to build one million new homes over the next 10 years.

Other key concepts that Jeremy delivered in his speech include:

What does this mean for the housing sector?

Britain faces an acute housing affordability crisis, with around 1.7m private rented households currently paying more than a third of their income in rent. And 1m owner-occupiers paying more than a third of their income on their mortgage.

We welcome any debate which contributes to finding a solution to the housing crisis. In effect, Labour’s green paper throws down the gauntlet to the government, especially in relation to the definitions of ‘affordability’. It's unknown when the government will respond to this challenge but it's likely to be before the one year anniversary of the Grenfell disaster.

How Capsticks can help

Our Tier 1 rated Development Team is led by 7 partners located throughout the country enabling us to provide nationwide coverage to all our legal services.

Get in touch with Chimi Shakohoxha, Susie Rogers or Lee Clarke for further advice or any queries you may have.

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