Labour claims a child born today has only a 30% chance of home ownership by age 50 – UK politics live
is focusing on housing, with the eye-catching claim that a child born this year has less than a one in three chance of owning a home by the time they are 50. In truth, no one really has a clue what the housing market will look like half a century into the future, but this is how Labour justifies the claim.74% of people aged 45-54 were homeowners in 2009-10. In 2021-22 this had fallen to 65.5%.
Nandy said Labour wanted to get more houses built, and that it was “absurd” for the government to abandon mandatory housebuilding targets. She also said Labour would reform the planning system in favour of more affordable housing.
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