![]() ![]() ![]() They pay increasing amounts for higher education - a public good many of their parents enjoyed for free. Leading the way: Tower Hamlets has close to 14,000 homes currently under construction and a further 12,100 in the planning pipeline. There is an urgent need for more affordable housing - not only for the young, of course, but for their generational cohort in particular. As the nation’s primary economic objective continues to be taming inflation, mortgage rates will remain high for the foreseeable future. Right now, those prospects are dismal.Īccording to the Land Registry, property prices rose by 9.5 per cent year-on-year in September. One of Boris Johnson’s best objectives was to empower a new “Generation Buy”: to liberate the young from confinement in the private rental sector and improve their prospects of getting on the property ladder. Led by former environment secretary Theresa Villiers, a group of Tory MPs - including John Redwood, Iain Duncan Smith, Chris Grayling and Damian Green - is pressing for a serious weakening of housing targets set by Whitehall and of measures to enforce the presumption in favour of sustainable development where insufficient homes have been built. People protest against current energy prices outside London King’s Cross station (REUTERS) ![]()
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