Sunak’s housing promise faces economic hurdles
24 July 2023
SUGGESTED
Housing and Planning
Healthcare
Housing and Planning
Julian Jessop quoted by City AM
IEA Economics Fellow Julian Jessop has been quoted by City AM in their piece covering the overoptimistic OBR housing construction forecasts.
City AM wrote:
“Analysts from the right-leaning think tank the Institute for Economic Affairs (IEA) have warned that already downbeat predictions on the housebuilding share of GDP by the Office for Budget Responsibility ‘may not be pessimistic enough’ and predicted shortfall could extinguish blossoming growth.
“Julian Jessop, a fellow at the IEA, said only 37,750 builds were started in England in Q1 of 2023 and ‘a fall in output will have huge implications for UK plc.’”
You can read the full article here.
City AM wrote:
“Analysts from the right-leaning think tank the Institute for Economic Affairs (IEA) have warned that already downbeat predictions on the housebuilding share of GDP by the Office for Budget Responsibility ‘may not be pessimistic enough’ and predicted shortfall could extinguish blossoming growth.
“Julian Jessop, a fellow at the IEA, said only 37,750 builds were started in England in Q1 of 2023 and ‘a fall in output will have huge implications for UK plc.’”
You can read the full article here.
SHARE
