LABOUR has set out plans to deliver one million "genuinely affordable" homes in England over 10 years, with new support for councils and housing associations to build many of them.

And Jeremy Corbyn said a Labour government would make sure ordinary people can afford the new properties by tearing up Conservative rules which allow homes worth up to £450,000 to be classed affordable.

Meanwhile, Labour would create a new English Land Sovereign Trust - backed by compulsory purchase powers - to make land available for building more cheaply.

Under the scheme, landowners would lose a slice of the extra value created by the granting of planning permission, which can see the price of agricultural land rocket 100-fold from £21,000 to £2.1 million a hectare outside London.

In response to the Grenfell Tower tragedy, Labour would introduce new decent homes targets for social landlords, including fire safety for the first time. And a new independent national organisation and a Commissioner would be created to represent the views of tenants.

Launching the proposals in a consultation paper in London on Thursday, Mr Corbyn will promise to build housing on a scale not seen since the 1970s.

"When housing has become a site of speculation for a wealthy few, leaving the many unable to access a decent, secure home, something has gone seriously wrong," the Labour leader will say.

"Luxury flats proliferate across our big cities, while social housing is starved of investment and too many people are living in dangerous accommodation at the mercy of rogue landlords.

"We need to restore the principle that a decent home is a right owed to all, not a privilege for the few.

"And the only way to deliver on that right for everyone, regardless of income, is through social housing."

The new proposals more than double Labour's manifesto commitment to bring affordable home building up to 100,000 a year by the end of their first term in power, as part of a pledge to increase the housing stock by a million in five years.

Councils and housing associations would be given new borrowing freedoms and central funding to allow them to build "at scale".

Local authorities in every part of England would face a "duty to deliver affordable homes".

The policy would be driven through by a new Department for Housing and monitored by an independent Office for Housing Delivery watchdog.

Labour accused Conservatives of making "bogus" claims on affordable house-building on their watch, by stretching the definition to include properties for sale at up to £450,000 or rented at 80% of market value - more than £1,500 a month in some areas.

A new definition would be linked to local incomes to ensure homes are genuinely affordable. And Labour will suspend the "right to buy" scheme as part of a package of measures to stop to loss of existing social rented homes.

Shadow housing secretary John Healey, who was asked to draw up the plan by Mr Corbyn at the Labour conference last autumn, said: "The housing market is broken and current Conservative housing policy is failing to fix it. We have to build more affordable homes to make homes more affordable.

"The Conservatives won't do this, so the next Labour government must, by hard-wiring Labour's new affordable housing throughout the system, from house-building targets to investment priorities to planning rules.