Link to this page: http://www.socialistparty.org.uk/issue/693/13127
The ever deepening housing crisis has been revealed by the latest new build figures. They show that the number of new homes built in 2010/11 in England has slumped to 121,200 - the lowest number since 1923 and 6% down on last year.
London saw the biggest decrease of new homes, with a 27% fall on the previous year. Meanwhile there was an increase in the number of mobile homes and 'temporary dwellings'.
The failure of the Con-Dem government, and the previous Labour government, to invest in publicly owned social housing and instead to largely rely on private property developers to meet housing needs, is apparent to all.
The credit crunch has also seen banks restricting borrowing to first time home buyers. Many young people have now zero prospects of owning a home and instead are compelled to remain domiciled at their parents' home.
In the private rented accommodation sector the imposition of benefit caps will increase evictions and reduce the availability of accommodation. And the caps have not led instead to a decrease in rents by landlords as previously predicted by government minister Iain Duncan Smith, as rents have increased to record highs.
In The Socialist 9 November 2011:
Fighting the cuts
Socialist Party event
Socialist Party youth and students
Socialist Party workplace news
International socialist news and analysis
Socialist Party news and analysis