UK Needs To Build 300,000 New Homes a Year

Britain needs to build 300,000 houses a year, more than double the current number and including some on green belt land, or risk pushing house price inflation up to dangerous levels, the business secretary has said.  Vince Cable said difficult decisions needed to be made about building garden cities on green belt land, and that proposals to reduce demand by paring back government's Help to Buy scheme missed the bigger problem of a lack of supply. Cable has long warned about house price inflation, but his latest remarks are his most serious yet, and reflect frustration at the way in which David Cameron's reforms to planning laws have done little to unleash supply. Read more on the Guardian website.