Labour's shadow chancellor Ed Balls said:
George Osborne is still failing to tackle the root cause of the housing crisis which is that we are not building enough homes to match rising demand.
Over the last few years Labour has repeatedly called for action on housing supply, but the Chancellor has failed to act.
Under this government housebuilding has reached the lowest peacetime levels since the 1920s.
You can't deal with the cost-of-living crisis and create a strong and balanced recovery without building more homes.