Posted on 22 November 2017 by
The Chancellor Philip Hammond today stood in the House of Commons today, turned to the Speaker and said:
"Mr Deputy Speaker. I want to turn to the challenge of the Housing Market... House prices are increasingly out of reach for many. It takes too long to save for a deposit. And rents absorb too high a portion of monthly income. So the number of 25-34 year olds owning their own home has dropped from 59% to just 38% over the last thirteen years.
"Put simply, successive governments over decades, have failed to build enough homes to deliver the home-owning dream that this country has always been proud of.
"The Prime Minister made a pledge to Britain's younger generation that she would dedicate her premiership to fixing this problem. Today we take the next steps to delivering on that pledge. By choosing to build."
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