Labour accused of ignoring affordable housing

cityam

Feb 27

Labour is not taking affordable house building seriously, a trade body has said Chancellor Rachel Reeves has been warned she must “take sharp notice” of the collapse of John Lewis’ affordable housing ...

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housing","media":"cityam","content":"<div>\n<p>Labour is not taking affordable house building seriously, a trade body has said Chancellor Rachel Reeves has been warned she must “take sharp notice” of the collapse of John Lewis’ affordable housing ...</p>\n\n<a href=\"https://www.cityam.com/labour-accused-of-ignoring-affordable-housing/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Labour accused of ignoring affordable housing</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLabour accused of ignoring affordable housing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-27 20:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/labour-accused-of-ignoring-affordable-housing/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Labour is not taking affordable house building seriously, a trade body has said Chancellor Rachel Reeves has been warned she must “take sharp notice” of the collapse of John Lewis’ affordable housing ...</p>\n\n<a href=\"https://www.cityam.com/labour-accused-of-ignoring-affordable-housing/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ARL","symbol_name":"美国房地产投资","start_time":0,"source_url":"https://www.cityam.com/labour-accused-of-ignoring-affordable-housing/","article_id":"2614477853","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/01/Labour-Chancellor-Rachel-Reeves-visits-housebuilding-construction-site--e1768225487622.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/labour-accused-of-ignoring-affordable-housing/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2614477853","pubTimestamp":1772195703,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Labour is not taking affordable house building seriously, a trade body has said Chancellor Rachel Reeves has been warned she must “take sharp notice” of the collapse of John Lewis’ affordable housing venture by investing immediately in the build-to-rent sector.The Association for Rental Living , the body which represents the build-to-rent sector, has sent an open letter to senior Labour figures calling on the government to develop a new planning system and set mandatory affordable home targets.Retail giant John Lewis announced its shock move to shut its affordable housebuilding venture on Wednesday, which the shadow business secretary dubbed a “major blow” to the government’s housing ambitions.The trade body is calling on Labour to treat John Lewis’ U-turn as a wake-up call to the rising construction costs, high interest rates and falling yields which it says is slowing affordable housing projects across the country.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ARL":"美国房地产投资","BK4233":"房地产运营公司","BK4205":"房地产经营公司"},"translate_title":"工党被指控忽视经济适用房","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARL":1},"content_text":"Labour is not taking affordable house building seriously, a trade body has said Chancellor Rachel Reeves has been warned she must “take sharp notice” of the collapse of John Lewis’ affordable housing venture by investing immediately in the build-to-rent sector. The Association for Rental Living (ARL), the body which represents the build-to-rent sector, has sent an open letter to senior Labour figures calling on the government to develop a new planning system and set mandatory affordable home targets.Retail giant John Lewis announced its shock move to shut its affordable housebuilding venture on Wednesday, which the shadow business secretary dubbed a “major blow” to the government’s housing ambitions.The trade body is calling on Labour to treat John Lewis’ U-turn as a wake-up call to the rising construction costs, high interest rates and falling yields which it says is slowing affordable housing projects across the country.\n\nJohn Lewis U-turn ‘deeply disappointing’The ARL described the retail giant’s reversal as “deeply disappointing news and a real loss for consumers”. \n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nChief executive Brendan Geraghty has written to top Labour officials asking them to prioritise build-to-rent homes within planning policy and devise a new regulatory and tax regime which “recognises the economics” of large-scale rental.The open letter was sent to Chancellor Rachel Reeves and housing secretary Steve Reed among other senior Labour ministers and MPs. Reeves should reinstate the multiple dwellings relief on stamp duty which was abolished last year, Geraghty said. \n\nHe wrote: “Across the sector, schemes are being slowed, redesigned, or withdrawn.  Elevated construction costs, higher interest rates, softer yields, expanded Section 106 expectations and cumulative regulatory change have materially compressed margins. Institutional capital requires stability to price risk.  “Without intervention, the consequences are clear – slower housing delivery, reduced rental supply, increased affordability pressure and greater reliance on short-term or lower-quality stock.”","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}