George Osborne will announce the biggest housebuilding programme since the 1970s as he uses his Spending Review to end the “crisis of home ownership in our country”.
The Chancellor will double the Government’s housing budget and pour money into a series of programmes to build 400,000 new homes across England.
1) This will not work. There’s not enough bricks, not enough brickies and the problem isn’t the price of houses anyway, it’s the price of the permit to allow building upon a piece of land.
2) All those who have been shrieking that there must be a house building program will now shriek about this. For some reason, this is the wrong housebuilding. Watch out for who comes up with the most amusing reason why this is the wrong housebuilding.