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Lowest UK Housing Starts Since 2009 Pose Test for Labour.

Authors :
Rees, Tom
Source :
Bloomberg.com; 10/25/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

The UK's new Labour government is facing a significant challenge as housing starts in England have hit their lowest levels since 2009, with fewer than 88,000 new homes beginning construction in the past year. Prime Minister Keir Starmer's goal of building 1.5 million homes over the current parliamentary term is at risk due to market forces, including private developers cutting back on housing starts. The impact of Covid and the previous government's policies have also contributed to the decline in construction activity, highlighting the complexity of the housing crisis in the UK. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
180489819