Plans recently unveiled by the UK government will, if implemented, generate a major increase in new housebuilding in one of the most crowded and congested parts of the UK. The plans fail to take account of the impact on people living in London and the South East—and in the rest of the UK—of such a policy. The policy is based on a simplistic view of how demographic change affects the housing market and it reflects a misunderstanding of economic forces and a failure to think about impacts outside the South East. More seriously it reflects a form of central planning that is insensitive to the real needs of people.
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Article provided by World Economics, Economic & Financial Publishing, PO Box 69, Henley-on-Thames, Oxfordshire, United Kingdom, RG9 1GB in its journal World Economics Journal.
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