Bosses at the insurance and pensions group Legal & General, which invests in and builds homes, said it will take more than a decade to tackle the UK’s affordable housing crisis at the current pace of construction.
L&G welcomed Labour’s housebuilding drive, but said the entire industry would need to move at a faster pace as it joined forces withthe Greater Manchester Pension Fund (GMPF), the UK’s largest local government pension scheme, to boost funds available for low-cost homes.
