Rishi Sunak’s housing proposals would worsen the cost of living crisis, says IEA expert
IEA Research discussed in CapX
“Rishi Sunak’s housing proposals would flush aspiration down the drain. It reveals a serious lack of ambition to reform the country and boost living standards.
“The ‘green belt’ is a misnomer. It does not protect green space, it restricts the ability of cities to expand in the name of preventing urban sprawl. In practice, however, it has failed in that goal and instead pushed urban growth further afield, resulting in less productive cities, longer commutes and more pollution.
“Planning restrictions significantly push up the cost of living, while making homeownership unattainable, forcing people into lowering paying jobs and increasing commute times and pollution. There are smart solutions, like street votes, that can achieve more housebuilding with local support.”
Notes to editors
Contact: [email protected], 07763 365520 IEA spokespeople are available for interview and further comment.
Further IEA reading:
‘Cutting Through: How to address the cost of living crisis’, edited by Matthew Lesh and Kristian Niemietz