— The Labour Party (@UKLabour) September 27, 2017
“It is increasingly clear that we need to build more houses in
England and we wholeheartedly support that objective. However if we build those houses in the wrong place, to a poor standard,without the consent of local communities we are only storing up future misery for the people in those houses and others nearby.
“That is why we are recommending local authorities are once again empowered both to build new homes of their own, and to ensure all developments are of a suitably high quality.”
Under the Tories the gap between wages and house prices is widening. In 1995, if you were on average pay and wanted to buy a house it would have cost between 3.2 times and 4.4 times your pay. Now, in many parts of England and Wales, houses are typically costing 6 times average earnings and in London it is twelve times.
Most mortgage lenders will not let you borrow more than 3.5-4 times your income and house prices have risen so much under the Tories that if your income is £25,000 a year you cannot afford to buy an average house in 93% of England and Wales.
Even in Wallasey, where house prices are lower than the average for the North West, you would still find your choice limited. An income of £25,000pa would mean that, depending on which part of Wallasey you were looking at, average house prices would be 3.4-5 times your income. To find out where you could afford to own your own house under the Tories click here
and deals with £17m overspend by previous Tory/Lib Dem administration.
“Our budget is responsible, sustainable and delivers social justice” Cllr Phil Davies, Council Leader