Thursday, 10 November 2016

Business Leaders Urge Government To Tackle UK Housing Crisis

Business leaders have urged the government to tackle the housing shortage by expanding the rental sector and creating incentives for older homeowners to vacate large properties. The CBI set out 10 recommendations to get more people into suitable housing ahead of the publication of a white paper by the CLG on tackling the housing crisis. Warning that the status quo is “clearly unsustainable”, the employers’ lobby group called for a “step change” in housebuilding, including the creation of more rental homes, if the government is to meet its ambition of a million new homes by 2020. The UK population is to increase by 10 million in the next 25 years, leading to an even greater scramble for homes as the government fails to meet a target of 250,000 properties built a year. Download the report from the CBI website.

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