
Britain’s housing shortage is “entirely self-inflicted”, says IEA
In a new briefing, the think tank said Britain has experienced "nearly two lost decades" of economic growth because it has become too difficult to build housing

In a new briefing, the think tank said Britain has experienced "nearly two lost decades" of economic growth because it has become too difficult to build housing

Members pointed to stable money growth as the key justification for holding rates.

In a statement responding to Thursday’s announcement, Julian Jessop, economics fellow at the free-market think tank, called the move “fully justified” given the current economic challenges.

The member who voted for a hold expressed concerns about the potential risks of cutting rates with money supply growth nearing its desired annual rate.

Andy Mayer, energy analyst at the IEA, argued that the decision should rest with homeowners rather than politicians.

This research, authored by economist Damian Pudner, highlighted how NGDP targeting could provide a more stable and predictable macroeconomic environment.

The Institute of Economic Affairs has republished its 1988 report, "No Room! No Room!", highlighting how restrictive planning policies continue to exacerbate Britain’s chronic housing shortage and affordability crisis.
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