Labour plans to allow local authorities to buy land cheaply for development

Exclusive: If elected next year, party would allow officials to buy up land at fraction of potential cost as part of pro-building' agenda

Labour is planning to give local officials sweeping new powers to buy land cheaply and develop on it, as part of the party's new pro-building" agenda.

Party sources say that if elected next year, they will pass a law to allow local development authorities in England the power to buy up land at a fraction of its potential cost if they want to build on it.