Friday, January 26, 2018

Modest housebuilding increase dwarfed by executives' bonus hikes says Vince Cable

The latest National House Building Council statistics say that there has been a 6% growth in the number of new homes built in 2017 on the previous year.

Responding, Liberal Democrat leader Vince Cable said: 

"A 6% increase to 160,000 homes still leaves the country a long way short on the 300,000 a year everyone now agrees is necessary to provide some stability to the market and provide hope to would-be first time buyers.

"This modest increase in new houses is dwarfed by the hike in bonuses enjoyed by housebuilding executives, fuelled by the flawed Right-to-Buy scheme."

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