Our thoughts on the new housing announcements

John published a new piece in CapX:


Horrified passengers suddenly realize their boat has a leak. They frantically start to paddle it with their hands towards a distant shore. The engine and sail sit ignored and unused. Meanwhile, someone at the stern refuses to raise the anchor.

Theresa May’s announcement of new housing policies today has something of that feel. No-one can doubt her government’s determination to do something. She is bang on target when she says:

The shortage of housing in this country reinforces inequality. It prevents social mobility and stops people fulfilling their potential. It creates and exacerbates divisions between generations and between those who own property and those who do not.

Yet it is still official policy, spelled out to the Letwin Review, for the housing shortage to continue to get worse

Read more here.