You’ll never fix the broken market without social housing
The Government’s much-anticipated repair-plan for Britain’s broken housing market is missing a critical part of the fix. It begs the question, do ministers really want to solve the crisis – or just contain it to manageable limits?
By Mark Cantrell
This article first appeared in the February/March 2017 edition of Housing magazine
THE Housing White Paper was billed as a “bold, radical vision” to fix Britain’s broken housing market, but we’ve heard it all before. On the day, the package that finally arrived hardly resonated with originality and it left many feeling decidedly unconvinced.
The White Paper was soon labelled “timid” and “vacuous”. Indeed, shadow housing minister John Healey greeted its publication with an incredulous: “Is that it?”
Meanwhile, UK Business Insider reported analysts at Barclays Bank were so unimpressed by what they regarded as its lack of substance that they likened it to “homeopathy”. Ouch, so “watered down” it’s not even snake oil, then?