One of the central conclusions drawn from the Global Financial Crisis was that the UK economy was too dependent on financial services and unproductive investment in the property market rather than the real economy. So the economy needs rebalancing. One of the main issues facing the housing market […]
Over the last few years Policy Exchange has been a prolific contributor to the debate over the direction of housing policy. As regular readers will know, I have not always been entirely complimentary about those contributions. In particular the PX regularly exhibits an unhealthy fixation with the planning […]
When the Chancellor announced his two-part Help to Buy scheme in the Budget last month it was met with a chorus of disapproval. Representatives from the mortgage and construction industries – who, of course, have a financial interest in seeing the scheme implemented – were positive about it. […]
The objections to George Osborne’s latest wheeze to assist the housing market are hardly worth discussing. They are almost too obvious. And they have been rehearsed at length in relation to similar, smaller scale initiatives that have already been tried. The new “Help to Buy” scheme, announced in […]
Let’s start with the most important point. The Coalition’s proposal to cut the housing benefit to social housing tenants who are deemed to be underoccupying is going to cause further hardship for households who are already poor and vulnerable. Reflecting on the experience of the WCA regime administered […]
[On 6th February I participated in the NHF South West Regional Conference “Building neighbourhoods”, held in Exeter. This is the text to accompany my presentation.] For half a century the aspiration behind housing policy in England has been captured by the statement “A decent home for all at […]
Organisations providing services to lower income households and those receiving social security no doubt started 2013 with some unease, if not a distinct sense of foreboding. For some the money may imminently be running out, as government grants come to an end. The concern there is, for example, […]
Property markets are frequently implicated in economic booms. It isn’t always residential property. But often it is. The last boom, which eventually triggered the Global Financial Crisis, had a strong housing market component. A while ago the Bank of England created the new Financial Policy Committee (FPC) with […]
[On 10/01/13 I gave a brief overview of the context facing rented housing as part of an event called Housing Challenges in Exeter organised by Exeter City Council. This is the text to accompany my presentation.] Our housing system faces significant pressures. Short term pressures generated by the […]
I’m not quite sure what the point of today’s Coalition Mid-Term Review was. Apart from reasserting that the Coalition intends to go the distance – and beyond? – the main thing that was clear was that they’d really rather like the media to change the metaphor and stop […]
Most recent comments