United Kingdom

I will end the “Stalinist” housing targets

Liz Truss has promised to scrap “Whitehall-inspired Stalinist housing targets”, saying she will scrap “working-class approaches” in favor of tax breaks and deregulation to encourage firms to build new homes.

In an interview with The Telegraph, the foreign secretary said he would implement “the biggest change to our economic policy for 30 years” to tackle decades of low growth and rising inflation.

The intervention comes as she battles Kemi Badenoch, the former equalities minister, for support from the Conservative Right parliamentary party.

Ms Truss told allies that Ms Badenoch would be offered an important role in her cabinet if she won the leadership race.

Speaking to The Telegraph, the foreign secretary said only that her rivals were “incredibly talented politicians” and that she was a supporter of “all the players on the field”.

She said: “I want to scrap Whitehall-inspired Stalinist housing targets all the way. I think this is the wrong way to generate economic growth.

“The best way to generate economic growth is from the bottom up by creating these incentives for investment through the tax system, simplifying regulations.”