A Conservative plan to reduce some building regulations is being scrutinised over its claim that the changes could make newly built homes £50,000 cheaper.
The proposal comes from the party’s shadow chancellor and centres on cutting selected requirements faced by housebuilders. The aim is to reduce construction costs, with the potential savings linked to the price of new homes.
The key question is whether reducing regulatory requirements would deliver savings of the scale suggested. The proposal is being assessed to establish how far any lower construction costs could affect the final price paid for new houses.
The available material does not provide the outcome of that assessment or specify which regulations would be changed. It also does not set out whether any savings would be passed directly to buyers.
The plan therefore remains focused on the relationship between building rules, construction costs and the price of new housing. Further detail from the examination would be needed to determine whether the £50,000 figure is achievable.
