Economics

Topic updates

Perspectives on the UK housing crisis

Graham Watson

29th April 2018

The nature of the UK housing market crisis is unpicked in the Observer by Michael Savage, highlighting the inter-generational equity issues. The level of home ownership among millennials is far lower than people of similar age twenty or thirty years ago.

Another excellent Larry Elliott article, this time looking at the 'broken' nature of the UK housing market and the potential solutions available. The brutal truth is that lots of solutions have been posited but very few are likely to increase the supply of housing, be it relaxing planning regulation, or changing the tax system. 

His proposal, look at changing the Land Compensation Act of 1961, which seems to unduly privilege landowners, at the expense of those trying to get on the housing ladder.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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