Mike Pollitt | Thursday 27 September, 2012 16:04
Housing all of its inhabitants may well be the biggest single problem facing London in the next 10 years.
If you want a primer on the problems, I broke down a comprehensive IPPR report back in May 2012 which lays out a lot of the issues. Briefly, these include
- a growing population
- £1.6bn p.a. currently being spent on housing benefit
- Not enough new housing being built
- The wrong sort of housing being built
As for solutions, this week I’ve seen two separate cases made for more houses and lower rents, not as an end in themselves but because of the benefits this would have to the economy as a whole.
Peter Jeffreys, of Shelter, provides the above chart in his post at LSE blogs. He argues that high rents are taking money away from the rest of the economy, stifling demand, and impeding a recovery. The solution? More affordable housing.
And London Assembly member Darren Johnson (Green) has put out a document listing, in his view, 10 myths associated with housing benefit. I’ve embedded it below. His sixth point makes the case that lower rents = lower housing benefit payments. The solution? More affordable housing.
How likely is this to happen? Well, in Newham last year they started to build 0 affordable homes. Zero.
This is exactly the sort of serious, complex, long-term, city wide issue that an energetic and committed elected Mayor could really help to solve…
Chart: Via Peter Jeffreys at LSE Blogs – High rents are holding back the recovery
Get the latest articles from Snipe by following on Twitter and Facebook
About this writer
Mike Pollitt is the editor of The Metropolis.
Some popular articles from past years
- The five best places in London to have an epiphany
- Could red kites be London's next big nature success story?
- A unique collection of photos of Edwardian Londoners
- Margaret Thatcher statue rejected by public
- Only 16 commuters touch in to Emirates Air Line, figures reveal
- Nice map of London's fruit trees shows you where to pick free food
- Nice Interactive timeline lets you follow Londoners' historic fight against racism
- An interview with Desiree Akhavan
- London has chosen its mayor, but why can’t it choose its own media?
- 9 poems about London: one for each of your moods
© 2009-2018 Everywhen Ltd.