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Sorry Mr Pickles, but housing supply is still not matching demand, Chunomics

Sorry Mr Pickles, but housing supply is still not matching demand

On a rough estimate, the UK needs an additional 250,000 new homes each year to meet rising demand, as the population grows and more people choose to live alone. That works out as around 62,500 a quarter. Yet we’re still well short of that target.

By | Chunomics, Eagle Eye | Thursday, 20 February 2014 at 2:37 pm

“He needs a basic lesson in economics”, Eagle Eye

“He needs a basic lesson in economics”

I have a comment on the Prime Ministerial pot calling the Opposition kettle economically illiterate over on Independent Voices. Help to Buy is a terrible scheme for creating credit, recycling money in the housing market to create grateful winners who might vote Conservative and disguised losers who don’t know they are losing.
As a footnote, yesterday’s [...]

By | Eagle Eye | Wednesday, 9 October 2013 at 10:57 pm

Housing market: nonsense, nonsense, nonsense, Eagle Eye

Housing market: nonsense, nonsense, nonsense

Just because George Osborne’s Help to Buy scheme is evidently stupid, doesn’t mean you can write any old rubbish. The Guardian’s leading article this morning is typical of the pap that is usually written about housing. More than 100,000 houses are being built each year. This is quite a lot. The shortfall from the Five-Year [...]

By | Eagle Eye | Wednesday, 24 July 2013 at 9:45 am

Lack of clarity about Labour’s spending plans, Eagle Eye

Lack of clarity about Labour’s spending plans

This, via Full Fact, is the only graph you need to continue the debate about housing policy. If the conventional wisdom is that the Attlee and Macmillan governments built a lot of houses, it contradicts it. Not many were built under Attlee, and the peak was under Wilson in 1968. Which is what gave us [...]

By | Eagle Eye | Sunday, 9 June 2013 at 9:24 pm

Destined to Fail, Eagle Eye

Destined to Fail

The one thing the Ed Miliband proposed in his tectonic, world-shattering, turning-point speech today that has not been done by the present coalition or the last Labour governments was “build more houses”. This is good populism. Opinion polls show that 55 per cent of people agree with it.
But there is a reason why this popular [...]

By | Eagle Eye | Thursday, 6 June 2013 at 2:45 pm

The Census shows that the rental market needs to be reformed, Notebook

The Census shows that the rental market needs to be reformed

This month’s Census confirms a seismic shift in the way we are living. With homeownership falling, we have to reform the rental market to make it a decent place to live.

By | Notebook, Property | Friday, 21 December 2012 at 4:34 pm

Housing will be the next political battleground for 2015, Notebook

Housing will be the next political battleground for 2015

The imagery and the towns change, but the theme of party conferences is always the same: we are the party looking out for YOU.

By | Notebook, Opinion | Monday, 15 October 2012 at 4:00 am

Is household deleveraging bad for growth?, Chunomics

Is household deleveraging bad for growth?

The British public, in aggregate, paid down existing mortgages over the month, rather than taking on new home borrowing.
Does this matter for the wider economy? Interesting the OBR suggested in March that it does not.

By | Chunomics, Eagle Eye | Wednesday, 27 June 2012 at 12:39 pm

How spending cuts delivered the double dip, Chunomics

How spending cuts delivered the double dip

If the Chancellor had cut less on infrastructure and housing, other things being equal, construction would not have fallen by the same degree, GDP growth in the first quarter would have been flat, and Britain would not now be in a double dip recession.

By | Chunomics, Eagle Eye | Friday, 11 May 2012 at 2:21 pm

Boris needs to solve the government’s housing policy time bomb, Notebook

Boris needs to solve the government’s housing policy time bomb

So Boris is back, and with yesterday’s news that tenants are being evicted by unscrupulous landlords ahead of the Olympics, housing issues are already at the fore of the agenda. And what an agenda. Rachmanesque rentiers aside, the government’s reforms have unwittingly created a toxic policy mix that is a ticking time bomb – one with a short fuse, at that: detonation 2013.

By | Notebook, Opinion | Wednesday, 9 May 2012 at 1:16 pm

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