{"id":6099591,"date":"2024-06-13T12:23:10","date_gmt":"2024-06-13T12:23:10","guid":{"rendered":"https:\/\/www.buyassociationgroup.com\/en-us\/?p=6099591"},"modified":"2024-06-13T12:23:10","modified_gmt":"2024-06-13T12:23:10","slug":"labour-manifesto-buil","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-us\/news\/labour-manifesto-buil\/","title":{"rendered":"Labour manifesto: Housebuilding targets to be reinstated"},"content":{"rendered":"
The highly anticipated Labour manifesto was officially released today by party leader Keir Starmer, two days after Rishi Sunak’s Conservative government published theirs ahead of the general election on 4th July.<\/a><\/p>\n Labour’s “plan for change” includes a number of tax hikes – across areas such as private schools, overseas property investors and non-doms – in order to raise an additional \u00a38.6 million for the country’s economy. Keir Starmer has put “wealth creation” at the heart of the Labour manifesto, in a bid to encourage economic growth.<\/p>\n The manifesto also promises to keep corporation tax at 25%, while also devolving powers over transport<\/a>, skills, housing and planning to local mayors. The aim of this is to empower local areas to deal with these issues away from Westminster, meaning more decision-making on the ground.<\/p>\n There was also a pledge to reinstate the country’s housebuilding targets in the Labour manifesto, with a promise to build 1.5 million new homes across the country by the end of its five-year term in government.<\/p>\n The Tories watered down their housebuilding targets in December 2022, changing the 300,000 new homes a year<\/a> goal to an “advisory” rather than a fully fledged pledge by the party. This came after criticism that the UK had yet to hit the target in any of the years since it was first introduced.<\/p>\n In order to hit its target, Labour has also promised to reform the planning system to make it easier to get permission to build, with immediate effect. Part of this will include funding additional planning officers, which Labour says will be paid for by increasing stamp duty for non-UK residents.<\/p>\nThe Labour manifesto and property<\/h3>\n