A Labour government won’t be able to do all the things it wants to because of the “chaos” left behind by the Tories, Rachel Reeves has accepted.
The Shadow Chancellor said the government’s failure on housebuilding would hit the economy by £44 billion - with the UK missing out on £16 billion of tax receipts in the coming years because of the slowdown in building.
Labour ’s plans, which aim to ensure 70% of families own their own homes, would put “rocket boosters” under the building industry, Ms Reeves said ahead of an emergency summit of mortgage brokers this Wednesday.
