Since they entered office the blue-tinged contingent of the Coalition has been engaged in a systematic process of stigmatising those in receipt of social security benefits. Great emphasis has been placed upon the undeserving and the fraudulent. There is support for the hard working strivers, but condemnation for the skivers. The spotlight has been on the most extreme cases of households receiving substantial financial support from social security in order to create a smoke screen for cuts in benefits to the poorest. The Tories are convinced that welfare “reform” – particularly the overall weekly benefit cap – is their most popular policy. Yet many of the components of this policy have yet to be fully implemented. The general public has yet to grasp their full impact. It may transpire that once they do, the Tories will feel they acted precipitately in drawing such a positive conclusion. Continue Reading →
A few months ago the Building and Social Housing Foundation argued that one in five households could be living in the private rented sector by 2020, if current trends continue. Last week the estate agents Savills suggested that we could reach that situation by 2016. Is the housing market trend towards private renting speeding up? More probably, we’re not quite sure exactly what’s happening, nor how fast. But it is fairly clear that there’s plenty of change in the housing market. We know that something like a million additional properties have entered the private rented sector since 2005.
We may be witnessing a structural reorientation of the housing market away from home ownership. Or we may be witnessing temporary turmoil as a consequence of the global finance crisis. It is more likely that the future trajectory of the housing market is yet to be determined. The negative equity of the early 1990s led to the rise of the “slump landlord”- owners who wouldn’t or couldn’t sell who rented out their property while themselves renting elsewhere – but that phenomenon largely disappeared as house prices moved upward again. So what we are witnessing now cannot yet be assumed to represent structural change. What policy makers do over the next few months will shape which future is realised. The only thing that everyone is agreed upon is that increasing housing supply is a good thing. Beyond that, there is room for debate. Continue Reading →
It does not take great insight to realise the UK housing market is in a mess. Recently we’ve witnessed significant nominal house price declines and consequent negative equity, a massive contraction in the supply of credit, a private sector construction collapse, and social house building as a victim of austerity. Repossessions have risen. And that affects not just owner occupation but also ripples out to the private rented sector as Buy to Let landlords fall behind with their payments and tenants lose their homes. Demand for both social and private rented housing has increased as ownership becomes unaffordable or inaccessible for many.
Layered on top of all this we’ve had a series of policy initiatives around housing allowances in the private rented sector, support for independent living, and rents and tenure in the social sector that are not obviously going to improve the situation. Indeed, critics argue forcefully that these policy manoeuvres are only going to exacerbate the problems.
The dimensions of the problem are not generally contested. The question is what we do about it. The latest attempt to chart a course out of the jam we’re in is the final report of the Joseph Rowntree Foundation’s Housing Market Taskforce Tackling Housing Market Volatility in the UK, published today. Continue Reading →
From the archives ...
Was David Cameron’s reaction the Leveson report any great surprise? One of the starting points of the inquiry was the concern that politicians – including Cameron himself – had got [...]
[Originally posted at Dale&Co, 01/10/11]
How should we refer to the users of public services? What sort of identity should be ascribed to us? Over the last 30 years the concept [...]
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