Labour claims ‘reckless’ Tory tax pledges will leave home buyers worse off

Labour has claimed that Conservative tax pledges will amount to a “reckless £46 billion blackhole” that will leave home buyers worse off.

Labour has stated that an average first-time buyer spends roughly £1,120 in monthly repayments, and claimed they could see monthly payments soar to £1,403 a month in the event of a large unfunded tax cut. Mr Jones said: “Safe, secure and affordable housing is the foundation of a good life for families and a strong economy for our country.

“Labour is now the only party that can fix our broken planning system. We will back the builders who want to build more homes and ensure that the next generation will be able to buy their first home like their parents could.”Treasury minister Bim Afolami said: “Labour now oppose making fully-funded tax cuts and ending the double tax on work. They would hike up taxes and take us back to square one.

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