The ConDem government has released a report on the housing shortage in the UK today. The Montague report advocates the relaxing of planning restrictions and permission, allowing private investors to build on public land, the relaxation of affordable housing criteria and a voluntary code for what constitutes a reasonably constructed home. It represents a sick joke to the 2 million families that cannot find permanent accommodation in the UK at present.
There is a major housing crisis developing in Britain that is not being addressed by the ConDem government or the Labour Party in opposition. The end of the property boom and cheap mortgages has left the vast majority of people unable to afford to buy. Deposits alone are likely to cost £50,000 in most parts of the country. Private rents are soaring as a result with the average now being £722 per month, far too high for most families to even consider saving towards a deposit. The myth of the aspirant working class that can benefit from a ‘property owning democracy’ has been evicted.