--- title: "Labour wins 2024 general election: Our reaction" description: Following Labour's landslide victory in the 2024 GE, Shojin CEO, Jatin Ondhia, share his thoughts on what this will mean for the UK housing market. image: https://www.shojin.co.uk/hubfs/Blog/2024/07%20July/GE%20Snap%20reaction/Keir-Starmer---Construction-1200.jpg --- [Skip to content](https://www.shojin.co.uk/insights/labour-wins-2024-general-election-our-reaction#main-content) [![shojin-logo](https://www.shojin.co.uk/hs-fs/hubfs/shojin/shojin-logo.png?width=92&height=30&name=shojin-logo.png) ![logo-light](https://www.shojin.co.uk/hs-fs/hubfs/shojin/logo-light.png?width=92&height=30&name=logo-light.png) ![shojin-logo-fixed](https://www.shojin.co.uk/hubfs/shojin/shojin-logo-fixed.svg)](https://www.shojin.co.uk) - [Invest](https://www.shojin.co.uk/insights/labour-wins-2024-general-election-our-reaction#invest) - [Borrow](https://www.shojin.co.uk/insights/labour-wins-2024-general-election-our-reaction#borrow) - 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Several ambitious pledges regarding housebuilding and investment were made on the campaign trail, but now's the time for Starmer and his party to back up their words with actions. > >   > > Ensuring the UK continues to remain a global hub for investment needs to be a key priority, and the real estate sector will remain a crucial market for attracting that inbound investment. > >   > > Labour has work to do: interest rates remain high, the cost-of-living crisis has left a toll on people's spending power, and economic growth needs to turbo-charging. However, following a rather tumultuous end to the Conservatives’ 14 years in power, the UK now has a chance to reposition itself, building strong international partnerships and attracting global investments. > >   > > Labour’s plans to reform the planning system and pave the way for affordable house building present significant opportunities for greater investment into property development, but the effective implementation of their promised reforms will be key. > >   > > The true test will lie in mobilising the necessary resources and executing these plans effectively. By fostering international investment and strengthening ties with the private sector, the UK can strengthen its position on the global stage and achieve sustainable growth across real estate and beyond. Subscribe to our newsletter or [register on the Shojin platform](http://portal.shojin.co.uk/investments) for more insights, news and research on the UK real estate sector.    [Written by Jatin Ondhia](https://www.shojin.co.uk/insights/author/jatin-ondhia) Published 05 July 2024 Back to top![](https://www.shojin.co.uk/hubfs/shojin/icons/backto-top.png) Subscribe to newsletter Subscribe to receive the latest Shojin insights and resources to your inbox every week. #### Share this post - [![](https://www.shojin.co.uk/hubfs/shojin/icons/share-linkedin.svg)](http://www.linkedin.com/shareArticle?mini=true&url=https://www.shojin.co.uk/insights/labour-wins-2024-general-election-our-reaction) - [![](https://www.shojin.co.uk/hubfs/shojin/icons/share-facebook.svg)](https://www.facebook.com/sharer/sharer.php?u=https://www.shojin.co.uk/insights/labour-wins-2024-general-election-our-reaction) - [![](https://www.shojin.co.uk/hubfs/shojin/icons/share-twitter.svg)](http://twitter.com/intent/tweet?text=https://www.shojin.co.uk/insights/labour-wins-2024-general-election-our-reaction) - [![](https://www.shojin.co.uk/hubfs/shojin/icons/share-email.svg)](mailto:?subject=https://www.shojin.co.uk/insights/labour-wins-2024-general-election-our-reaction&body=https://www.shojin.co.uk/insights/labour-wins-2024-general-election-our-reaction) More in this series ## Similar insights you might like [View all](https://www.shojin.co.uk/insights) [![](https://www.shojin.co.uk/hs-fs/hubfs/Blog/2025/08%20August/Four%20factors%20for%20developers/josh-olalde-X1P1_EDNnok-unsplash.jpg?width=352&name=josh-olalde-X1P1_EDNnok-unsplash.jpg)](https://www.shojin.co.uk/insights/four-cost-increases-hitting-sme-developer-margins) [Special reports](https://www.shojin.co.uk/insights/tag/special-reports), [Blog](https://www.shojin.co.uk/insights/tag/blog) ### [Four cost increases hitting SME developer margins](https://www.shojin.co.uk/insights/four-cost-increases-hitting-sme-developer-margins) If you're a developer using pre-2024 cost assumptions, your margins are under pressure. 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The risks involved will vary by project types, so please make sure you have read and understood the specific risks associated with the investment. Investments made on this website should only be made as part of a diversified investment portfolio. For more details, see the Key Risks. Projections or estimated returns are not a reliable indicator of actual future performance and eventual returns or dividends may be lower than predicted. Information presented on this website is for guidance purposes only and does not constitute financial advice. If you are unsure of the suitability of an investment, please contact your financial adviser for professional advice. Shojin is a trading name of Shojin Financial Services Limited. This website is a financial promotion approved by Shojin Financial Services Limited which is authorised and regulated by the Financial Conduct Authority (FRN: 716765) (see [www.fca.org.uk/register](https://www.fca.org.uk/firms/financial-services-register) for more information). Companies that issue investments on this platform, including bonds issued by Shojin entities, are not themselves regulated by the Financial Conduct Authority and investments made on this site are not covered by the Financial Services Compensation Scheme. The investment opportunities listed on this website are not offers to the public and can only be entered into by certain types of investors who have satisfied certain investment criteria. 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