Housing Shortage Costing £4bn a Year

The UK's housing shortage has created above-inflation house price rises which are costing consumers £4 billion every year, a new report has revealed. The CBI's 'Housing Britain' report shows that the housing crisis is eating taking £3.2bn in housing-related costs and £770 million in transport-related costs out of the public's pocket - money it says could otherwise be saved or spent in the wider economy. The CBI says the situation is also holding back many young people from getting onto the property ladder or renting a good home - and is calling for all political parties to take urgent action and ramp up the supply of new housing across the country. Read more on the CBI website.