UK watchdog predicts Labour's reforms could boost housebuilding to 305,000 annually by 2030, a 16% rise.

The UK's fiscal watchdog predicts that Labour's reforms to cut planning red tape will increase UK housebuilding by 170,000 units over five years, reaching 305,000 units annually by 2030. This will add around 1.3 million homes to the UK's housing stock, a 16% rise. While this boost is expected to add £6.8 billion to the economy, it falls short of the government's 1.5 million homes target. Experts call for more support for first-time buyers to ease entry into the property market.