Fewer houses are being built when we need more. And who is to blame? The Bank of England, of course.

Posted on

Almost everyone agrees that we need more housing in the UK simply because we have - and are going to have - a growing population.

This is a headline in the FT this morning:

The accompanying article says:

The slowdown in construction activity has been driven by interest rate rises, which have increased the cost of borrowing, hitting builders and dampening demand for housing, according to analysts.

So, we have the dependence on monetary policy and the application of it by the Bank of England to thank for yet another social and economic policy failure.

When will we learn?

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