The recent steep increase in prohibitively expensive and consequently rather unstable living arrangements in this country is a direct consequence of the privatisation of council housing (sold to us as the “right to buy”) which began under the Thatcher government and which stripped social housing stock from the state, never to be replaced. Almost all rental housing is now held by private landlords or private consortiums, while any new housing being built largely consists of unaffordable, luxury properties intended for sale to either the very wealthy or to those overseas investors who regard the UK (and especially London) as a useful tax haven. Nobody, it seems, is building to satisfy the requirements of the next generation of ordinary people.
What is now desperately needed in this country is a political party which has the courage and vision to embark upon a large-scale building project, constructing sizeable numbers of quality council houses which will restore to our country the residential stock that it needs while simultaneously revitalising our industrial base. Booming house price are useless if nobody can afford to live anywhere, just as a stable economy is of no benefit to those stuck living in poverty. The only alternative is that Generation Rent will inevitably be followed by Generation Squat.