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C B I : We Need To Build More Houses

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If we want economic growth, we must build more houses
The economic recovery is proving to be patchy, slow and uncertain. Growth in some sectors is being offset by others, and progress has been far more sluggish than we’d normally expect to see in the second and third years of a recovery..../
At the same time, one area of construction, housebuilding, remains a real concern. It is still enduring a severe and protracted downturn, with little sign of improvement.
Mortgage approvals remain at record low levels, with approval figures less than half that of pre-recession numbers.
Housebuilding is languishing at its lowest peacetime level for 90 years. Before the downturn hit, it accounted for around 17pc of total construction output, now it’s nearer to 12pc.
We’re staring at a housing crisis, with close to five million people on waiting lists, and severe overcrowding in social and private housing. And we know that the shortage of affordable housing has a devastating impact on health, educational ..../

And what caused this tragic state of affairs? A housing boom backed by debt slavery. The CBI, being among the leading HPI advocates, mentions not a single word about overpriced housing or how the banks caused the ills about which he complains. And they talk about overcrowding at the same time as ordering the feckless in government to encourage even more immigration.


Edited by Realistbear

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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