Sunak urged to build more New Towns to tackle collapse in home ownership

PM told to consider pledge to increase supply of affordable homes in spirit of postwar town construction in next election manifesto

Rishi Sunak has been urged to consider a postwar-style programme of new town construction to tackle the collapse in home ownership among young adults.

David Willetts, a Conservative peer and former universities minister, told the Commons Treasury committee that failure to increase the supply of affordable homes was among reasons for rising levels of inequality between young and old.