Mark Carney, the governor of the Bank of England, warned that Britain’s housing market was the “number one threat to financial stability”, says The Times. He said that the root cause of rapidly rising house prices was a lack of building.
According to Savills, population growth has outstripped house building by 19% in the past decade; we should be building an estimated 230,000 new homes each year just to keep pace with demand.
The idea that we need to build 250,000 houses a year is “nonsense”, says Simon Jenkins in The Guardian. This “need” is based [...]
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