Thursday, January 15, 2015

Housing Shortage

After World War Two the UK used to build more than 300,000 new homes a year, but recently it's managed about half that. Consequently the country is facing up to a major house building crisis. 'A decade ago, the Barker Review of Housing Supply noted that about 250,000 homes needed to be built every year to prevent spiralling house prices and a shortage of affordable homes. That target has been consistently missed - the closest the UK got was in 2006-07 when 219,000 homes were built. In 2012-13, the UK hit a post-war low of 135,500 homes, much of which was due to the financial crisis.'  (BBC News, 13 January)Needless to say the main sufferers of this housing shortage are once again the working class. RD

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