What Theresa May must do to tackle the housing crisis

  • 8 Aug 2016

A great article from Ben Chu, Economics Editor of  The Independent, explains why the new Theresa May Government needs to break with the Thatcherite prejudice against state provision of homes. Howard Chapman finds out more…

The UK hasn’t built affordable houses for rent or for sale on any kind of scale since Margaret Thatcher shut local authority construction down in the 1980s. Back then, the plan was that Housing Associations would be empowered to take up the slack, but this has not happened.

In 1969-70, the Local Authorities built 175,550 houses; in 2015-16, Housing Associations started work on just 1,480.

Another recent article has highlighted that David Cameron built fewer houses than any Prime Minister since 1923 – an average of just 123,560 houses in each year of his premiership.

Housing statistics

Tax spend on housing

Affordable homes for rent or to buy are not being built and the real cost, besides the misery for those needing those homes, is a rocketing housing benefit bill, now over £20bn a year.

The most recent Cameron/Osborne spending on housing to boost the building of ‘starter homes’ is just a complex set of subsidies to the big private house-builders plus public funding to prepare land for the development of new homes.

Let’s hope Theresa May can really deliver on her promise to tackle the housing crisis but first she may need to slay some sacred cows.

Related stories on Buildingtalk:

One comment on “What Theresa May must do to tackle the housing crisis

  • Select Propert Group ask if the UK is about to witness the start of a build-to-rent revolution?
    60,000 purpose built rental units are now in the pipeline in the UK, as more investors begin to identify the future growth potential of the sector.
    The UK’s private rented sector is currently at record size, with changing generational attitudes driving the demand for purpose-built rental accommodation
    Creating a sense of community in each development “is essential” for tenants to stay longer, driving yields for investors. Read more from this article.

Leave a Reply

Latest news

Freefoam

The Power of Many: national supply, local service from Freefoam

Freefoam has strong ties with contractors, architects and specifiers, thanks to its ‘The Power of Many’ approach.

Posted in Articles, Building Industry News, Building Products & Structures, Cladding, Posts, Restoration & Refurbishment, Retrofit & Renovation, Roofs, Walls

BMBI

Builders’ Merchants sales confirm strong V-shaped recovery - BMBI

Britain’s builders’ merchants sales to builders and contractors bounced back strongly in the three months May to July, as reported in July’s BMBI report.

Posted in Articles, Building Associations & Institutes, Building Industry News, Building Products & Structures, Building Systems, Landscaping, news, Posts, Research & Materials Testing, Timber Buildings and Timber Products

GAI

New GAI fire door safety guidance launched for local authorities and housing associations

Local authorities and housing associations can now access free guidance on self-closing devices for fire doors, as the GAI has launched a new door closer safety checklist.

Posted in Access Control & Door Entry Systems, Architectural Ironmongery, Articles, Building Associations & Institutes, Building Industry News, Building Products & Structures, Doors, Health & Safety, Innovations & New Products, Publications, Security and Fire Protection

Energy Carbon