Property leader reacts to Esther McVey’s sacking

Paresh Raja, CEO of Market Financial Solutions, said:

“A new parliament, a new housing minister. One has to think whether this cabinet position holds any real relevance anymore – it has become something of a merry-go-round, with Esther McVey’s successor becoming the tenth person to hold this position in as many years.

“Given the challenges facing the UK property market, the lack of consistent leadership from the Government in this space is extremely frustrating. We will never be in a position to properly address issues like the housing crisis, not to mention the obstacles preventing people from jumping on and moving up the property ladder, until Westminster gives the position of housing minister more respect and consideration.

“One can only hope that with a majority government now in place, this will be the last cabinet reshuffle we see for some time. But I for one believe too many MPs see the position as little more than stepping-stone.”