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Labour launches home ownership review

Words: Laura Edgar
Homes / iStock_000020788340

Labour shadow housing and planning minister John Healey has instigated an independent review into home ownership.

The Redfern review, which will be led by Peter Redfern, chief executive at Taylor Wimpey, will be advised by an expert panel made up of housing and economics professionals.

Speaking at the Labour Party Conference in Brighton, Healey said home ownership has fallen every year for the past five years.

“George Osborne was right to describe this decline in home ownership as a ‘tragedy’. But it’s happening on his watch. It’s part of his party’s five years of failure.”

As home ownership is part of the “British dream”, Healey explained that he has asked Redfern to lead an independent review to analyse the “root cause of this decline” and set out the ideas needed for a “wide new debate”.

Redfern said: “Enabling more British people to own their own homes is fundamental to creating a flourishing society and is an issue that has a profound impact on the country.

“This is not about politics, it affects us all. I feel strongly that home ownership has never reached the right level in our society.”

The Redfern review will report in summer 2016.