Co-author of new IEA report Jacob Rees-Mogg MP writes for the Sunday Telegraph
“Once Brexit is complete, Britain’s housing crisis will become the great challenge of our time. Our nation is uniquely short of housing. For over a generation, we have built more slowly than any comparable country. This has led to house prices rising beyond the reach of many people. Housing has become a synonym for generational inequality. Many young people are unable to move to better jobs because they cannot afford nearby housing.
“Britons are increasingly barred from their own capital city, with London high up among the most expensive major cities in which to buy a home. It is sadly inevitable that the proportion of our people needing housing benefit is also higher than almost anywhere else. If this continues, a whole generation will be barred from home ownership. I fear the consequences for our property-owning democracy.
“That is why my paper, Raising the Roof: How to solve the United Kingdom’s housing crisis, released by the Institute of Economic Affairs today, describes a programme to unlock home ownership for a new generation.”
Read the full article here.