Link to this page: http://www.socialistparty.org.uk/issue/551/6469
From The Socialist newspaper, 8 October 2008
House building hits new low
ACCORDING TO the Royal Institution of Chartered Surveyors (Rics), the rate at which new homes are being built by the private sector has fallen to a new record low. This has pushed the government's promise of building two million new homes by 2016 even more wildly off course.
60% more surveyors reported a fall rather than a rise in private sector construction workloads over the past two quarters. Surveyors' workloads are falling at their fastest pace since Rics started carrying out statistical studies 14 years ago.
66,220 homes were built in the first three quarters of 2008 and now with the finance crisis hitting bank activity, this is extremely unlikely to improve in the short term.
New Labour has entrusted the private sector with implementing its aim of solving the problem of the shortage of affordable homes. This will fail. A large-scale programme of public-sector housing is now much needed.
With more council housing and an end to the privatisation of council estates, decent family homes could be built and made available at affordable rents, with secure tenancies.
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In The Socialist 8 October 2008:
Credit crunch
Editorial: Casino capitalism's crisis continues
Lessons of the 1990s recession in Japan
Responsibility for the 'age of irresponsibility'
Socialist Students
Students look for socialist ideas
Education
University workers fight pension attacks
NUT strike ballot: Action on pay can win
Socialist Party campaigns
A day in the life of a care worker
The sacking of Blair, London's police chief
Socialist meeting blocked by councillor
No to incinerators, give us a real say!
International socialist news and analysis
Mbeki dismissed by ANC as South Africa's president
Socialist Party workplace news
"Telling the boss: You can't do that"
Fight against the Unison witch-hunt
Frustration with union leadership
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