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MEDIA RELEASE: HOUSING CRISIS
26 October 2007
Government Programmes No Substitute For The Free Market
Responding to today’s reports that Britain is heading for a housing crisis despite the creation of 3 million new homes, Shane Frith, Director of classical liberal think tank Progressive Vision, said:
“No one should be surprised that a government-led drive on housing will fail to meet public needs. The last thing that is required is for the public purse to start paying subsides to local councils. The growing crisis in the housing market is caused by too much red tape and too much regulation. If the property market was liberalised, the profit motive would provide a far, far better incentive for tackling the housing shortage than any number of expensive, ineffective government programmes.”
ENDS
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