Labour Leave chair: “falling house prices should be welcomed”
The chair of Labour Leave has condemned fears around the impact of a Brexit vote on the housing market, stating that the UK should seek a reduction in houseprices.
John Mills, chairman of household goods business JML and Labour's largest individual donor, made the comments after a survey of the National Association of Estate Agents forecast that a vote to leave would hit homeowners.
“Those doom-mongers have warned that house prices in the UK may fall if we leave the EU. That's quite possible but surely from many points of view should be welcomed,” Mills said.
"House prices in the UK have been pumped up by uncontrollable, open-door migration and lack of supply. The housing crisis has left hundreds of thousands of people in the UK, especially those at the bottom of the economic ladder, with poor-quality, expensive housing. The fact that people in favour of Remain think it has to be a bad thing for house prices to fall shows us exactly who they're speaking for — monied business elites.
"Leaving the EU is the most sensible choice for left-leaning voters who want to secure a better future for Britain's most disadvantaged people.”
Mills comments follow a high-profile clash at the CBI's annual dinner, where former chancellor Alistair Darling crossed swords with former home secretary Michael Howard over the consequences of a vote to leave.