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

Abloy
Strand

Strand is a Failsafe Choice for Emergency Exit and Panic Hardware

In times of emergency, you’re in safe hands with Strand Hardware. Although there are many considerations for building specification, few decisions can be as critical as selecting the right emergency exit/panic hardware.

Posted in Access Control & Door Entry Systems, Architectural Ironmongery, Articles, Building Industry News, Building Products & Structures, Building Services, Doors, Facility Management & Building Services, Health & Safety, Restoration & Refurbishment, Retrofit & Renovation, Security and Fire Protection

MRA

MRA appoints Callum Budd as Research Projects Director

MRA Research, the research agency focused solely on the construction sector, welcomes Callum Budd as its new Research Projects Director.

Posted in Articles, Building Industry News, Information Technology, news, Recruitment, Research & Materials Testing

Mitsubishi Electric

Mitsubishi Electric set to host CIBSE Journal webinar

Mitsubishi Electric will host a CIBSE Journal webinar on Wednesday 24th April 2024 at 1pm to discuss the legislation and initiatives driving changes in the way we will need to heat, cool and ventilate large commercial buildings to reach net zero emissions in the UK.

Posted in Air Conditioning, Articles, Building Industry Events, Building Industry News, Building Products & Structures, Building Regulations & Accreditations, Building Services, Facility Management & Building Services, Heating Systems, Controls and Management, Heating, Ventilation and Air Conditioning - HVAC, Information Technology, Pipes & Fittings, Plumbing, Seminars, Sustainability & Energy Efficiency, Training