The UK has failed for decades to build enough houses to meet demand

Dear Editor,

The UK has failed for decades to build enough houses to meet demand. In the last Budget, the Chancellor announced sufficient funding to deal with the issue – but what I fail to see from this government is a coherent plan to achieve it. Left-wingers do (correctly) speak about the need to protect the greenbelt; right-wingers (also correctly) point out that mass immigration further increases demand for housing. Both sides decry the failure to ensure that first-time buyers can get onto the property ladder.

I want to hear more about actual solutions. For years we’ve seen the private market, and social housing. But what if we were to introduce a hybrid between the two? What if government were to finance – using the existing money announced by the Chancellor – the setting up of a new Housing Corporation to build cheap, modern, modular, starter eco-homes – and to sell those houses to young people and other first-time buyers at cost price? When a young person comes to sell, years down the line, they could have a guaranteed sale back to the Housing Corporation (providing it’s kept in good condition, at an appropriate proportional profit) to be used to help someone else?

We could sell literally millions of people new, cheaper modern starter homes – and after the initial cost outlay to the government, it would be a self-financing project. Perhaps government won’t like this solution, for some reason. If not, they should be equally imaginative and think of something better!
It’s sadly this lack of vision, a lack of leadership, that currently infects modern politics. Successive dull Labour and Conservative governments have shown little imagination, little appetite for finding creative solutions to modern problems.
Regards,
Jonathan Arnott MEP