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A body chaired by two ex-housing ministers and sponsored by a bank has entered the debate on how to increase the supply of new homes across the country and keep house price inflaton under control as a result.

The report by the Lloyds Banking Group Commission on Housing, chaired jointly by Tory Mark Prisk MP and Labour's Nick Raynsford MP, says it aims to generate cross-party agreement on key policy areas.

Its demands are familiar reading for those following this issue in recent yearsr:

- a progressively rising target for national house-building which will deliver 2 million to 2.5 million homes by 2025;

- a revitalised small and medium home-builders sector and self-build sector;

- a new professional rental sector backed by institutional investors, with more secure, longer-term tenancy agreements;

- all public sector bodies to review land holdings and assess the case for the disposal of surplus for the purpose of new homes;

- strategic planning by councils to argue the case within communities for new homes;

- "greater clarity on compulsory purchase to help assemble land for new homes;

- aiming to shave 18 months from the planning and building process by cutting red tape.

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