Saturday 16 December 2017 / 12:49 PM 2017 Press Archive / The Latest from Labour

This is an extreme and unacceptable executive bonus payment while home-buyers struggle – John Healey

Responding to the resignation of the chair of housebuilder Persimmon following a reported £100m remuneration package for the chief executive, Labour’s Shadow Secretary of State for Housing, John Healey MP said:

“This is an extreme and unacceptable executive bonus payment while home-buyers struggle with high housing costs.

“Since 2010 the Conservatives’ have outsourced responsibility for building the homes Britain needs to big developers which has inflated profits and reduced the number of new affordable homes.

“Labour would make continuation of Help to Buy conditional on a tough new government deal with the housebuilders, including on executive pay.”