Boris Johnson promises action on cost of living crisis but says higher wages risk further inflation – UK politics live

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Boris Johnson promises action on cost of living crisis but says higher wages risk further inflation – UK politics live
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Latest updates: in a wide-ranging speech on housing, the cost of living and Ukraine, the PM warns of danger of ‘wage-price spiral’

Q: You are committed to building 300,000 new homes a year by the middle of this decade. Can you promise to hit this? And doesn’t that mean dealing with nimbyism?says you have to go back to 1968 to find a time when we were building more than 400,000 homes a year. We have never built houses fast enough.

He says he cannot give a cast-iron guarantee that the government will hit a particular number in a particular year.The trick is to make sure you put in the right infrastructure, to enable development to go ahead. He says government infrastructure spending is partly designed to ensure that developers build homes where people want them.say: “I hear you.”

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