Labour says Govt delay on house building underwrite 'unnecessary', cost jobs

Labour’s housing spokesperson Kieran McAnulty. (Image: Getty)

Fri, 04 Oct 2024

Labour’s housing spokesperson Kieran McAnulty says the Government’s late backing for an underwrite scheme on residential housing developments has led to the “unnecessary” loss of thousands of jobs in the construction sector. The Government announced a new Residential Development Underwrite (RDU) scheme on Friday morning where the Government would agree to purchase homes from developers if they were unable to sell them within an agreed sales and marketing period. McAnulty said the Government’s decision had...

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