UK Labour Party leader Jeremy Corbyn has put together a massive public investment program that includes building up to one million homes across Britain, new policy papers show.
According to a set of new policy papers released by Corbyn’s campaign on Saturday, a future UK government run by the opposition leader would borrow £15 billion a year to build the houses, half of which are said to be council homes.
The program would be implemented during a five-year parliament and seeks to provide housing tenants with new safeguards such as secure three-year contracts.
Protection from “unreasonable rent increases” was another objective that the papers said Corbyn was seeking to accomplish.
The housing plan is part of a £500 billion public investment that Corbyn’s team describes as “highly efficient.”
The veteran politician’s campaign said the huge government borrowing program was going to be a good deal for taxpayers as it benefitted the economy…