Housebuilding might be up in Cameron’s neck of the woods, but the country’s 9 million private renters need the government to commit to 300,000 new homes before they will start to pay less for their housing.
Rampant house price inflation is not a sign of health but of sickness, and Mark Carney recognises this. Homes are so expensive in London and other parts of the country that employers now struggle to recruit people who can afford to live near their workplace. If companies start moving jobs out of London, the economy will stall and the housing crisis will start hitting the haves as well as the have nots.
