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.
