Nandy used a speech in Manchester to criticise the Conservatives for being “too cowardly to take on a land market that inflates prices” and argued that the current system is “rigged against first-time buyers”.

She vowed to “tilt the balance of power back” in favour of those looking to get on the housing ladder, pledging to use central government support to “help them make the leap into home ownership”.

In an address to the Housing 2023 conference, the shadow minister said that Labour will deliver a “refreshed model of housebuilding” that will “put social and genuinely affordable housing at the very heart of our plans to jump-start the housebuilding industry”.

She also told developers they can expect “transparent, long-term planning frameworks, quicker decisions and a more stable political environment” as her party looks to solve the national shortage of homes.

Nandy criticised the Tory government’s decision to drop its housebuilding target, which she...