Jack Dromey MP, Labour’s Shadow Housing Minister, responding to Vince Cable’s comments on the Help to Buy scheme, said:

“Help for first time buyers struggling to get on the property ladder is welcome. But David Cameron has presided over the lowest level of homes built than any other prime minister in peacetime since the 1920s.

"This out of touch Government’s failure to build the affordable homes the country needs means there is real concern that this scheme will do little to bring the cost of housing within the reach of low and middle income earners.”