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Young Brits will be priced out of housing market for decades due to lack of urgency from ‘unambitious’ MPs, damning report reveals

Young Brits will be priced out of the housing market for years because of a lack of urgency from “unambitious” ministers, MPs have warned.

In a scathing report, a powerful cross-party Committee panned the Department of Communities for failing to address the country’s housing shortage – and tackle “fundamental flaws” in the market.

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Report warns young Brits will be priced out of the housing market for decades[/caption]

It said Communities Secretary Sajid Javid’s goal to build 200,000 homes a year was short of the 275,000 required.

And it warned there was a spiralling “human and financial cost”.

As well as homelessness rising, the council bill for temporary accommodation has leapt 46 per cent to £840 million in just five years.

PA:Press Association
The report also revealed Sajid Javid’s housing target was short of the required amount[/caption]

The Public Accounts Committee said the Department of Communities had admitted the flaws in the housing market could persist for “decades”.

It said: “The Department acknowledges that it will not come close to meeting the actual level of housing need so problems of affordability and homelessness are likely to persist for years to come.

“And the Department’s lack of ambition on such a fundamental issue is matched by a lack of information.”

The Committee – chaired by Labour MP Meg Hillier – demanded the Department publish an annual figure publishing Britain’s “housing gap”.

And they urged Ministers to get tough with 10 developers who control the market – and study how the £21 billion of housing benefit paid out each year could be used to help finance the construction of new homes.

Around a third of the benefit goes to housing associations.

Labour’s Shadow Housing Secretary John Healey said: “This damning report should be the epitaph on seven years of Conservative failure on housing.

Labour’s John Healey says the housing crisis has increased under the Tory government[/caption]

“It’s hard to recall a harsher judgement than this from a cross-Party Commons Committee.

He added: “It confirms that the housing crisis got much worse under this government, and condemns Conservative Ministers for lacking any answers or even ambition to help with the housing pressure people face.”

A DCLG spokesman said: “The Housing White Paper published in February includes measures to deliver more homes. On top of this, 112,338 households have used the Help to Buy: Equity Loan scheme since its launch.

“The Autumn Statement also included an extra £1.4billion for affordable housebuilding, taking the total to over £7billion to deliver more than 200,000 homes. And £550million has already been allocated to tackle homelessness and rough sleeping, with a focus on prevention.”