David Cameron speech LIVE: Where to watch prime minister close Conservative

Prime Minister David Cameron yesterday unveiled plans to spur home ownership, striking at criticism that his government is failing growing numbers of Britons who are priced out of the housing market.

In a 50-minute speech ending the Conservative conference in Manchester, the Prime Minister is pledging to launch a home-owning revolution “from generation rent to generation buy”.

“Don’t they realise other people want what they’ve got – a home of their own?”

Last year, 141,000 homes were built across the United Kingdom – just over half the number that experts say is needed to prevent house prices continuing to spiral.

Prime Minister David Cameron on Wednesday said he aims to secure “the best of both worlds” for Britain in his negotiations with European Union partners, by continuing to “do things our way” within a reformed EU.

It will single out housing as an area where his government has so far failed to deliver, with people under 40 struggling to buy homes.

During his address to the Conservative party conference in Manchester, Mr Cameron claimed the Tories are the “party for working people – today, tomorrow, always”.

He will add: “Yes, from generation rent to generation buy”. Those old rules which said to developers: you can build on this site, but only if you build affordable homes for rent.

“I am a totally compassionate person and believe totally in equal rights for everyone and we have allowed Labour over the years to hold that domain, but fairness, equality and being judged on merit are conservative values, so I am delighted that has been featured”.

So he wants to relax the rules so developers will no longer be required to build affordable homes for rent.

He defined his leadership as overseeing “the turnaround decade”, and reached out to the many younger Britons forced to live with their parents because they can not afford to buy their own homes.

But Shelter chief executive Campbell Robb said: “You don’t solve an affordability crisis by getting rid of the few affordable homes we’re building, yet that’s exactly what this policy will do”.

Speaking about Labour’s new hard-left leader, Cameron told his Conservative Party’s annual conference: “We can not let that man inflict his security-threatening, terrorist-sympathising, Britain-hating ideology on the country we love”.

“Over the next five years, we will show that the deep problems in society… are not inevitable”, he will say.

The prime minister will promise to build 200,000 new “affordable” homes by 2020, when the next general election is held.