Generation rent into generation buy ?

David Cameron's pledge to 'turn generation rent into generation buy' has come under criticism from a leading housing charity after it was announced during the closing speech of the Conservative Party conference today.

The pledge saw the prime minister promise to launch a housing "crusade" and build 200,000 affordable new homes by 2020 by overhauling planning laws on affordable housing to include low-cost "starter homes".

But the chief executive of housing charity Shelter has said so-called starter homes "will be unaffordable for families on average wages in 58% of the country in 2020."