The exact date for the upcoming general election continues to be a mystery, yet the predominant opposition party, Sinn Féin, has already made public its strategy that it anticipates will be a focal point of the discussion. The party has prepared an in-depth report on its housing plan, advocating for increased government involvement in housing and intensifying construction rates to approximately 60,000 per annum.
The current government administration is already well invested in housing – a situation that will only expand, regardless of who is governing. Sinn Féin is pledging an extra £4 billion per annum on top of existing government commitments. This involves lowering the amount designated towards long-term official saving funds, with implications for keeping taxation levels robust.
The contentious election discussion surrounding housing will partially stem from the distinct policies of the competing parties, along with whom voters believe will deliver results. The sluggish rate of housing delivery is a principal concern that likely can’t be sped up easily. Revolutionising this aspect demands substantial amendments to the existing administrative and planning laws.
Sinn Féin is proposing quite extensive amendments including bolstering the power of local councils, implementing methods to stimulate construction on state lands and introducing a new blueprint for affordable housing provision. On the supply side, it plans to phase out the Help-to-Buy scheme and terminate the recent First Home scheme, where the government has an equity share.
Their comprehensive policy strategy is an influential contribution to the housing debate, expected to intensify as we approach the presumed mid-November election date. There are stark differences with the current Coalition’s support for purchasers, in other aspects, it’s advocating extensive administrative and regulatory overhauls to expedite delivery. How fast Sinn Féin can implement these changes to meet its goals is a pressing issue.
The existing government will counter that its program is effective, citing increased housing provision in recent years. In certain aspects, it has made strides. However, in terms of construction on public land, the progress has been disappointingly slow.
The existence of an inefficient planning and regulatory framework is partly to blame for the existing problems, posing as an obstacle for any ruling government. There’s an ongoing discussion around the modifications proposed by the Government in its new planning Bill versus Sinn Féin’s suggestions, including compulsory purchase, which is significant. The housing needs of many are often sidelined in favor of development objections in a system that has become excessively slow and legal-minded. Politicians from all sides have frequently gravitated towards supporting the objectors.
All political factions will assure to construct tens of thousands of houses. However, to be credible, policies need to be holistic – addressing the root issues first, instead of offering instant solutions.