{"id":140517,"date":"2024-07-03T08:19:11","date_gmt":"2024-07-03T07:19:11","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=140517"},"modified":"2024-07-05T10:24:35","modified_gmt":"2024-07-05T09:24:35","slug":"general-election-2024-what-each-party-promise-means-for-uk-construction","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/general-election-2024-what-each-party-promise-means-for-uk-construction\/140517\/","title":{"rendered":"General Election 2024: What each party promise means for UK construction"},"content":{"rendered":"<h2>Wondering what the Conservatives, Labour and the Lib Dems have said on construction topics in their manifestos? PBC Today&#8217;s roundup gives you the lowdown on 2024 election promises<\/h2>\n<p>With Polling Day less than a month away, each of the major parties have now released their manifestos for the 2024 election.<\/p>\n<p>After 14 years, 5 prime ministers, 2 recessions and 1 Brexit, many are predicting a wipeout of Tory candidates. <a href=\"https:\/\/www.electoralcalculus.co.uk\/prediction_main.html\" target=\"_blank\" rel=\"noopener\">Electoral Calculus<\/a> has predicted that the Conservatives could lose nearly 300 seats, with Labour securing a landslide larger than the 1997 election results under Tony Blair [as of 13 June 2024].<\/p>\n<h3>But what does it mean for UK construction?<\/h3>\n<h3>On housing:<\/h3>\n<h4><span style=\"color: #3366ff;\">Conservatives<\/span><\/h4>\n<ul>\n<li>Building 1.6m homes in England through the next Parliament<\/li>\n<li>A \u201cnew and improved\u201d Help to Buy scheme<\/li>\n<li>A Renters Reform Bill for \u201clandlords and renters alike\u201d, with court reforms promised to abolish Section 21 evictions<\/li>\n<li>Fast-tracking brownfield residential developments in cities<\/li>\n<li>Abolishing nutrient neutrality<\/li>\n<li>Making the 2022 Stamp Duty threshold permanent<\/li>\n<\/ul>\n<h4><span style=\"color: #ff0000;\">Labour<\/span><\/h4>\n<ul>\n<li>Delivering 1.5m new homes in England over the next five years<\/li>\n<li>Immediately update the National Policy Planning Framework to restore mandatory housing targets<\/li>\n<li>Fast-tracking approval of urban brownfield sites and prioritising the release of lower quality \u2018grey belt\u2019 land<\/li>\n<li>&#8220;Implement solutions&#8221; to homes affected by nutrient neutrality- without weakening environmental protections<\/li>\n<li>Introduce a permanent, comprehensive mortgage guarantee scheme for first time buyers<\/li>\n<li>Immediately abolish Section 21 \u2018no fault\u2019 evictions<\/li>\n<\/ul>\n<h4><span style=\"color: #ffcc00;\">Liberal Democrats<\/span><\/h4>\n<ul>\n<li>Increasing building of new homes to 380,000 a year across the UK, including 150,000 social homes a year<\/li>\n<li>Abolishing residential leaseholds and capping ground rents to a nominal fee<\/li>\n<li>Immediately banning no-fault evictions, making three-year tenancies the default, and creating a national register of licensed landlords<\/li>\n<li>Introducing \u2018use-it-or-lose-it\u2019 planning permission for developers who refuse to build<\/li>\n<li>Give local authorities the powers to end Right to Buy<\/li>\n<\/ul>\n<h4><span style=\"color: #339966;\">Green Party<\/span><\/h4>\n<ul>\n<li>150,000 new social homes every year<\/li>\n<li>Ending the individual \u2018right to buy\u2019, to keep social homes for local communities in perpetuity<\/li>\n<li>Introducing rent controls, a new stable rental tenancy and ending no-fault evictions, as well as introducing a tenants right to demand energy efficiency improvements<\/li>\n<li>Ensure that all new homes meet<a href=\"https:\/\/www.pbctoday.co.uk\/news\/mmc-news\/lessons-learned-from-passivhaus-with-regan-costello-of-seddon\/122710\/\" target=\"_blank\" rel=\"noopener\">\u00a0Passivhaus<\/a>\u00a0or equivalent standards and house builders include solar panels and heat pumps on all new homes, where appropriate<\/li>\n<\/ul>\n<h3>On infrastructure<\/h3>\n<h4><span style=\"color: #3366ff;\">Conservatives<\/span><\/h4>\n<ul>\n<li>Invest \u00a38.3bn to fill potholes and resurface roads<\/li>\n<li>Committing a further \u00a312bn to Northern Powerhouse rail work between Liverpool and Manchester<\/li>\n<\/ul>\n<h4><span style=\"color: #ff0000;\">Labour<\/span><\/h4>\n<ul>\n<li>Merge the NIC and IPA into a single infrastructure body, Nista<\/li>\n<li>Improvements to rail connectivity in the north of England, fixing five million potholes over the next five years and better preparing communities for extreme weather events<\/li>\n<li>Bring the railways into public ownership<\/li>\n<\/ul>\n<h4><span style=\"color: #ffcc00;\">Liberal Democrats<\/span><\/h4>\n<ul>\n<li>Increasing rollout and support for electric vehicles<\/li>\n<li>Increased devolution to give local authorities power to upgrade local infrastructure<\/li>\n<\/ul>\n<h4><span style=\"color: #339966;\">Green Party<\/span><\/h4>\n<ul>\n<li>Require all new developments to be accompanied by the extra investment needed in local health, transport and other services<\/li>\n<\/ul>\n<h3>On energy:<\/h3>\n<h4><span style=\"color: #3366ff;\">Conservatives<\/span><\/h4>\n<ul>\n<li>Deliver net zero by 2050<\/li>\n<li>Annual licensing rounds for oil and gas production in the North Sea<\/li>\n<li>Scale up nuclear power, with two new fleets of Small Modular Reactors and establishing <a href=\"https:\/\/www.pbctoday.co.uk\/news\/energy-news\/government-talks-buy-wylfa-nuclear-site-hitachi\/137073\/\" target=\"_blank\" rel=\"noopener\">Great British Nuclear<\/a><\/li>\n<li>Invest \u00a31.1bn into the Green Industries Growth Accelerator<\/li>\n<li>Moratorium on fracking to continue<\/li>\n<\/ul>\n<h4><span style=\"color: #ff0000;\">Labour<\/span><\/h4>\n<ul>\n<li>Reaching clean energy by 2030, with net zero to follow<\/li>\n<li>Bring Hinkley Point C to completion, as well as increasing rollout of <a href=\"https:\/\/www.pbctoday.co.uk\/news\/energy-news\/four-uk-sites-shortlisted-us-firms-1-3bn-small-modular-reactor-factory\/140128\/\" target=\"_blank\" rel=\"noopener\">small modular reactors (SMR)<\/a><\/li>\n<li>Fracking will be banned and no new coal licenses will be issued, but oil and gas operations in the North Sea will continue<\/li>\n<li>Nearly \u00a35bn of investment in gigafactories, carbon capture and green hydrogen<\/li>\n<li><span style=\"color: #000000;\">A \u00a36.6bn Warm Homes Plan that will help install energy efficiency upgrades in 5m homes to cut bills<\/span><\/li>\n<\/ul>\n<h4><span style=\"color: #ffcc00;\">Liberal Democrats<\/span><\/h4>\n<ul>\n<li>A ten-year emergency upgrade programme that will make homes warmer and cheaper to heat and ensure that all new homes are zero-carbon<\/li>\n<li>Invest in renewable power so that 90% of the UK\u2019s electricity is generated from renewables by 2030<\/li>\n<li>Upgrade the National Grid to meet growing energy demand<\/li>\n<\/ul>\n<h4><span style=\"color: #339966;\">Green Party<\/span><\/h4>\n<ul>\n<li>Phasing out nuclear energy and stopping all new fossil fuel extraction projects in the UK, with recent fossil fuel licenses issued such as for Rosebank cancelled<\/li>\n<li>All oil and gas subsidies to be removed<\/li>\n<li>Introducing a carbon tax on all fossil fuel imports and domestic extraction<\/li>\n<li>Wind to provide around 70% of the UK\u2019s electricity by 2030<\/li>\n<li>Investment in energy storage capacity and more efficient electricity distribution<\/li>\n<\/ul>\n<h3>On the economy:<\/h3>\n<h4><span style=\"color: #3366ff;\">Conservatives<\/span><\/h4>\n<ul>\n<li>Promise to cut taxes by \u00a317.2bn by 2030<\/li>\n<li>Abolish the main rate of National Insurance entirely by the next Parliament<\/li>\n<li>No raise of corporation tax<\/li>\n<li>Creating a business rates support package worth \u00a34.3bn over the next five years to support small businesses<\/li>\n<\/ul>\n<h4><span style=\"color: #ff0000;\">Labour<\/span><\/h4>\n<ul>\n<li>Raise \u00a38.5bn a year from tax rises and cracking down on avoidance up to 2028\/29<\/li>\n<li>&#8220;Securonomics&#8221; \u2013 a financial approach &#8220;that understands sustainable growth relies on a broad base and resilient foundations&#8221;<\/li>\n<li>\u00a37.3bn National Wealth Fund, with a target to attract &#8220;three pounds of private investment for every one pound of public investment&#8221; in growth and clean energy<\/li>\n<\/ul>\n<h4><span style=\"color: #ffcc00;\">Liberal Democrats<\/span><\/h4>\n<ul>\n<li>Protecting the independence of the Bank of England and keeping the inflation target of 2%<\/li>\n<li>Reverse the Conservatives\u2019 tax cuts for big banks and imposing a one-off windfall tax on the super-profits of oil and gas producers and traders<\/li>\n<li>Cut income tax(&#8220;when the public finances allow&#8221;) by raising the tax-free personal allowance<\/li>\n<\/ul>\n<h4><span style=\"color: #339966;\">Green Party<\/span><\/h4>\n<ul>\n<li>\u00a340bn investment per year to deliver the shift to a green economy over the course of the next Parliament<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><strong>Read more of our coverage of the General Election <a href=\"https:\/\/www.pbctoday.co.uk\/news\/tag\/2024-general-election\/\" target=\"_blank\" rel=\"noopener\">here<\/a> and the individual manifestos below:<\/strong><\/p>\n<table style=\"height: 33px; width: 100.287%; border-collapse: collapse; border-style: none;\">\n<tbody>\n<tr>\n<td style=\"width: 25%;\"><a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/construction-industry-reacts-to-conservative-2024-manifesto\/140457\/\" target=\"_blank\" rel=\"noopener\">Conservatives<\/a><\/td>\n<td style=\"width: 25%;\"><a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/what-labour-have-promised-for-uk-construction\/140527\/\" target=\"_blank\" rel=\"noopener\">Labour<\/a><\/td>\n<td style=\"width: 25%;\"><a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/for-a-fair-deal-construction-industry-reacts-lib-dem-2024-manifesto\/140431\/\" target=\"_blank\" rel=\"noopener\">Liberal Democrats<\/a><\/td>\n<td style=\"width: 25%;\"><a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/greens-pledge-end-right-to-buy-2024-manifesto\/140505\/\" target=\"_blank\" rel=\"noopener\">Greens<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Wondering what the Conservatives, Labour and the Lib Dems have said on construction topics in their manifestos? PBC Today&#8217;s roundup gives you the lowdown on 2024 election promises. <\/p>\n","protected":false},"author":25,"featured_media":140518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[172844,908,276,571,93645],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-140517","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-planning-construction-news","8":"tag-2024-general-election","9":"tag-economy","10":"tag-government","11":"tag-housing-crisis","12":"tag-net-zero"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Election 2024: What each party promise means for UK construction<\/title>\n<meta name=\"description\" content=\"What have the Conservatives, Labour and the Lib Dems have said on construction? 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