Taking to the steps of Downing Street for what could be one of his final times, Prime Minister Rishi Sunak announced last week that a General Election will be taking place on 4th July 2024.
Below are some reactions and theories about what this news means for the housing and development sector and what industry experts want to see from the next parliament.
Andrew Carpenter, chief executive office, the Structural Timer Association (STA)
‘This is a pivotal opportunity to place sustainable housing at the top of the political agenda and we urge all political parties to seize this chance to revolutionise the way we build our homes. Housing is a crucial issue for voters across the country, but it’s essential that we underline the importance of sustainability and to continue the momentum that has been garnered by the Timber in Construction Policy Roadmap, published in December last year.
‘Setting out a clear path towards the increased use of timber in construction, the Roadmap has laid the foundation for transforming our housing landscape through the integration of timber frame housing. This method of construction offers a speedy, sustainable and clean approach to meeting the current and future demands of housing – as well as utilising offsite assembly, which effectively addresses the skill shortages that are endemic within our sector.
‘Increasing the use of timber in construction presents a promising solution for the incoming government to address the pressing housing crisis and tackle net zero obligations, and it’s vital that the progress we have already made is not lost.’
Lawrence Turner, Director, Boyer
‘The housing crisis is a pressing issue that has plagued the UK for far too long. With a new Government potentially taking office on 4 July, there is hope that real change can finally be brought about to tackle this crisis head-on.
‘However, with only 100 days to make a significant impact before the end of October, it is essential that the new government focuses on key priorities that will have a lasting and effective impact on addressing the housing crisis. Here, we outline the top ten points that we believe a new government should urgently address to bring about positive change in the housing sector.
Antony Duthie, regional director, Lanpro
‘As manifestos are published in the coming days, it is vital that all parties recognise the importance of the planning system as a key economic facilitator and economic driver which can significantly increase the country’s productivity in addition to resolving the housing crisis.
‘The next government needs to take bold steps to resolve the many challenges that currently stand in the way of delivering much needed housing and infrastructure. People will be looking beyond the rhetoric of political campaigning and instead for evidence that manifestos can bring about real change.’
John Leiper, chief information officer, Titan Asset Management
‘UK in the out-of/no recession category, and the day inflation falls to 2.3% we see the UK Tory party announce their decision to go to the polls. Coincidence? I don’t think so. With one more print between now and vote day, and increasing odds inflation falls further to the fabled 2% number, Rishi has done all he can to increase his odds at the upcoming election. To quote James Carville, “it’s the economy stupid”. We continue to watch developments closely alongside potential implications for the UK economy and markets.’
Oli Sherlock, managing director of insurance, Goodlord
‘With a General Election now set for 4th July, the Renters (Reform) Bill and its progression is now in major doubt. This will be deeply frustrating for the whole industry, which is desperate for clarity. Should the bill not be pushed through as part of the wash-up we will be back to square one. The best we can hope for is that the next government, whoever it’s led by, puts housing and the PRS at the heart of their agenda.’
Images: Rui Chamberlain, Andrew Carpenter, Antony Duthie and Lawrence Turner
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