Politics

Shadow Chancellor addresses Tory conference on housing costs and policies

The Guardian · October 5, 2026Original source ↗

Shadow Chancellor addresses Tory conference on housing costs and policies

What happened

Shadow Chancellor Andrew Griffith delivered a speech at the Conservative Party conference, proposing that reducing regulatory measures could decrease the cost of new homes by £50,000. Reform UK criticized the Conservative Party for allegedly reusing policies they had previously announced.

Why it matters

This story highlights ongoing debates regarding housing affordability and government policy in the UK.

How this story affects people

How does this story affect you if you are looking to buy a new home?

A proposed reduction in regulatory measures could potentially lower the cost of new homes by £50,000, making homeownership more accessible. This change might directly impact your financial planning and ability to enter the housing market.

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