Britain’s housing crisis results from the failure of politicians to ensure that markets work in the public interest rather than to the benefit of the unproductive few. This failure, besides the ongoing social issues surrounding housing, has had a negative impact on the UK economy through increasing monetary instability as well as lower output and employment due to a transfer of resources to pay for mostly existing assets as opposed to acquiring new goods.
Continue reading “Report: The challenge of accelerating UK housebuilding”