Displaying items by tag: Struggling Economy

Housing Secretary Michael Gove has said the government is still committed to a manifesto pledge of building 300,000 homes every year by the mid-2020s. Former PM Liz Truss had cast doubt on the aim, saying she wanted to scrap ‘Stalinist’ housing targets. But Mr Gove - who returned to cabinet after Ms Truss's resignation said he wanted to build more homes, both for ownership and to rent, and that new developments should have the consent of local communities. He also warned meeting the target would be ‘difficult’ due to the economic circumstances. ‘We need to be straight with people: the cost of materials has increased because of the problems with global supply chains and also a very tight labour market means that the capacity to build those homes at the rate we want is constrained,’ he said.