TRG National Chairman, David Fazakerley, said:

“Rents are rising, home ownership is falling, and too many households are spending more than half their income on housing costs. A series of very welcome government initiatives have been launched to help people buy their first home, but there is undoubtedly more radical thinking needed to address the long-term crisis. The TRG is seeking evidence to help the Conservative Government continue stepping up to that challenge.”

The call comes as latest reports show average UK house prices have jumped by 8.1% in the past year to reach a new record high of £211,000, nearly 8 times the average UK salary. House prices in London increased 14.5% in the last year, with an average property price of £472,000.

Mr Fazakerely added:

“We are on an unsustainable path and need to think outside the box to begin turning things around. As a voluntary group, we draw on expertise from within the conservative family and from across the political spectrum to deliver a One Nation agenda in Government and I hope organisations and individuals with policy expertise will respond to this call and help shape our output over the coming year.”

The TRG was formed 41 years ago as the home of One Nation thinking within the Conservative Party, promoting policies which deliver a modern, socially liberal country pursuing a market oriented agenda that works for everyone, regardless of background.