Politics

After a wave of resignations from his government, PM Boris Johnson announced his exit from Downing Street. There is less than a month remaining in the contest to become the next UK Conservative Party leader and Prime Minister of the nation. What will this mean for housebuilding in the UK? Housing Association Magazine’s Joe Bradbury investigates:

Former exchequer chancellor Rishi Sunak and foreign secretary Liz Truss are the two contenders in the race to be the next PM of Great Britain. Both are competing for the support of the Conservative Party's 160,000 members. According to polling, Truss is currently the front-runner to win.

Former Housing Minister Dominic Raab has called for “radical” housing reforms in an attempt to help renters get on the housing ladder and increase the rate of home building.
 
Attacking the Conservative failure to stand up to developers and ensure the construction of enough homes to tackle the housing shortage, Raab advocated a new Help to Buy scheme that would exempt landlords from capital gains tax when they sell their property to existing tenants.