Britain's Chronic Housing Shortage Has Become an Election Issue [BNN Bloomberg (Canada)]
TRAVIS PERKINS S/ADR (TPRKY)
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Source: BNN Bloomberg
That's based on calculations by Bloomberg News of government population data and homebuilding targets from the biggest political parties, which suggests a shortfall of almost 100,000 homes a year over the next parliament when including pent up demand from years of missed targets. It's a key battleground for politicians as the country readies for a UK-wide vote expected later this year. A prelude of which comes with two special elections scheduled for Thursday, where a lack of affordable housing has come into sharp relief. More than four years ago, the ruling Conservative Party pledged to build 300,000 new homes a year, a target they fell short of every year after, before making it advisory in 2022. The Labour Party, which is leading in the polls, effectively matched the objective by promising in October to build 1.5 million homes over five years, should it get into power. Read more: The Number That Hijacked the UK Housing Crisis: Matthew Brooker But the country will need to b
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