So, this is unexpected: the British government just announced plans to spend billions of public money on the largest British housebuilding problem since the 1930s. Apparently, according to George Osborne, there must be “no barrier” to ending the housing crisis within 10 years. Huh.
The plan will see involve a radical package of measures, intended to double the rate at which Britain is building houses. These include further planning reform; changes to land use restrictions such as the green belt, in order to free up more land for development; and stronger compulsory purchase rules.
On top of that, ministers are planning a major state building programme. In a press release published on the communities department website over night, housing minister Brandon Lewis was quoted as saying that, “if the house building industry will not step up to the plate, then the government must.”
The same release quoted Osborne as follows: “For too long, politicians of all parties have prioritised the needs of elderly homeowners over those of their children. But there must be no barrier – financial or political – to building the homes Britain needs.”