January 8, 2015

The CBI is urging all political parties to commit to increasing supply.

Among the measures it’s calling for are:

  • The development of ten new towns and garden cities by 2025
  • Doubling the number of new homes currently built to 240,000 a year
  • Reforming Stamp Duty
  • Other potential areas for action by the next government include:
  • Giving local authorities more power to release low quality green belt land
  • Spending more on capital support for new homes by redressing the balance with housing benefits
  • Introducing fiscal incentives to help older people looking to downsize, or families wanting to extend homes.

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