Scrapping housebuilding targets could cost tenants £200 a year by 2030 – Labour

Rishi Sunak gave in to pressure from backbenchers last summer to make 300,000-a-year target in England advisory rather than mandatory. Photograph: Deborah Vernon/Alamy

Labour has said ministers’ decision to scrap housebuilding targets in England could cost renters an extra £200 a year by 2030.

The shadow housing secretary, Lisa Nandy, said Labour is “the party of homeownership” as the local elections campaign entered the final straight.