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Labour leader Ed Miliband has promised to double the rate of house building in a "non-stop drive" to more than double the number of new homes being built in the UK.

He also promised to punish property developers that hoard land and councils that block developments, in a bid to boost the supply of new property.

Miliband said "profiteering" property developers that hoard land and "stick-in-the-mud councils" that block developments will be swept aside.

He also announced a national planning inspectorate to give priority to local authorities that want to expand if they are being held back by neighbouring councils that refuse to release land.

Under Labour's plans, councils would be given powers to compulsorily purchase land or charge fees if developers fail to build on land for which they have planning permission.

Labour said the country needed to be building more than 200,000 homes a year by 2020 to meet demand and reduce supply problems.

Miliband will point out that the profits of the four biggest housing developers have soared by 557% this year.

He will accuse them of hoarding land to push up its value, with homes being built at the slowest rate witnessed in peacetime for almost a century.


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