Labour majority + France falters - what this means for housing

The Property Nomads Podcast

Rob discusses the recent election results, focusing on Labour's majority win and the potential implications for the future. He also touches on the surprising outcome of the French election and the implications of a potential hung parliament.

KEY TAKEAWAYS

• Labour won the election with a majority of 412 seats, a significant increase from the previous election.
• France's election results surprised many, with a leftist coalition potentially winning and leading to a hung parliament.
• Labour's victory may face challenges in the next five years, especially if they do not fulfill their manifesto pledges.
• Labour aims to build 1.5 million houses, recognizing the supply-side issue in the housing market.
• The effectiveness of Labour's housing policies and their ability to afford public funding for house building remain subjects of skepticism.

BEST MOMENTS

"Labour have a majority. They ended up winning 412 seats in total. That was a 211-seat increase from 2009."

"France is going to be heading to the right-hand side of politics. Well, that turns out not to be the case either, and I think that's caught an awful lot of people off guard."

"Labour are in a situation where they're a bit damned if they do, damned if they don't, because I would imagine that the economic books of the UK don't look very pleasing."

"As long as Diane Abbott's not in charge of any property numbers I think the country is going to be absolutely fine."

"I do like the fact that they look at the housing area as something that needs working on, and it's a supply issue."

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