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

Newton Waterproofing

The Newton Waterproofing App – Now on Desktop!

The free Newton Waterproofing App has undergone a major update, including moving to a Google software development kit and adding a host of new features.

Posted in Articles, Building Industry News, Building Products & Structures, Building Services, Damp & Waterproofing, Facility Management & Building Services, Information Technology, Innovations & New Products

BBI Services

BBI Services: The problem with plan-do-review

Marc Roberts, Chief Operations Officer at BBI Services, tackles the topic of how to implement workable strategies for improving productivity and efficiency.

Posted in Articles, Building Industry News, Building Services, Facility Management & Building Services, Site Preparation

Recofloor

Recofloor 2022 Awards Event kicks off in April

Recofloor’s 2022 rugby-themed awards event – the first in-person occasion for three years – kicks off in April at the renowned Twickenham Stadium.

Posted in Articles, Awards, Building Industry Events, Building Industry News, Building Products & Structures, Building Services, Exhibitions and Conferences, Facility Management & Building Services, Floors, Site Preparation, Sustainability & Energy Efficiency, Waste Management & Recycling

DCW

DCW 2021: Picture and video highlights of last year's show

Digital Construction Week was delighted to finally have the chance to welcome thousands of visitors to the show once again, between 24 – 25 November 2021.

Posted in Articles, BIM, Infrastructure & CAD Software, Building Industry Events, Building Industry News, Building Products & Structures, Exhibitions and Conferences, Information Technology, Innovations & New Products, Seminars, Video of the Week