Housing and construction put at heart of economic strategy as part of a bid to reposition Labour as a āone nationā party
The Labour Party has put housing and the construction industry at the heart of its economic strategy as part of a bid by leader Ed Miliband to reposition it as a āone nationā party.
On Monday shadow chancellor Ed Balls pledged to introduce a £3bn programme to build 100,000 homes and cut stamp duty, while Miliband used part of his speech to pledge to focus on vocational training and apprenticeships.
Shadow housing minister Jack Dromey said the announcement by Balls was a ālandmark dayā for the Labour Party. āThis is a hugely significant day for Labour and housing,ā he said.
āHousingās not been sufficiently centre stage in British politics for 25-30 years. This is going to change.
āThe best way to get Britain moving is to get it building, and thatās what we intend to do.ā
Ballsā speech said a Labour government would employing 150,000 people directly and up to 600,000 in the supply chain, and furthermore cut stamp duty on the purchase of homes of up to Ā£250,000.
In addition he said Olympic Delivery Authority chair John Armitt had designed to build cross party consensus on major infrastructure projects.
Meanwhile Ed Miliband, speaking on Tuesday laid out a āone nationā vision of the Labour Party, saying that, if elected, all firms working on government contracts will have to employ apprentices. In return, businesses would be given control of designing and running vocational training courses.
In addition he pledged to focus on the āforgotten 50%ā of children that donāt go to university, with the introduction of a ātechnical baccalaureateā for vocational training between 16-18.
Speaking to ŠŌ°ÉµēĢØ, Shadow business secretary Chuka Umunna said the focus on housing and āone-nationā government were inextricably linked. āIf you look at the history of the Labour party, the people who founded the labour party [were the people that] built Britain, they built the homes we live in, the schools we learn in and the hospitals where we get treated.
āItās at the heart of the one-nation Britain argument. We need banks to be financing our small businesses so they can create the jobs and wealth we need to see.
āWe need our businesses to work with our educational institutions, particularly in the FE sector, so weāve got job ready-people coming through their doors. And of course thatās massively relevant to the construction industry.ā
The partyās focus on housebuilding was launched as government figures revealed that just 250 homes had been sold under the governmentās NewBuy mortgage guarantee scheme between its launch in March and 30 June.
Matthew Oakley, head of economics at right of centre think tank Policy Exchange, said: āI agree with Ed Ballsā announcement on housing. We need to build more houses and it is becoming a huge political issue. But Ā£3bn for one year is not enough.ā
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