Think Tank Calls for Investment Bank to Tackle Housing Crisis

A think tank has called for a central and local government-run investment bank to help fund the cost of doubling house building. The Smith Institute published a report today calling for a bank jointly owned by central and local government to support urban extensions. The think tank researched state investment in banks across western Europe, and concluded that a similar system could help combat the shortage of housing in the UK.  The report follows a similar call made in a joint report by accountancy firm KPMG and housing charity Shelter last month. Download a copy of the report from the Smith Institute website.