What if the best way to reduce the cost of living also turned out to be the best way to boost growth?
In a new paper for
@BritishProgress,
@timleunig,
@robblackie & I find that the Government hitting its housebuilding targets would *reduce rents by £251 a month* in London, within 5 years.
This is a far greater saving for ordinary households than any cost of living measure announced in the Budget.
And the best part? We can do this for free. By streamlining planning restrictions, improving building safety rules and empowering residents, we could hit and exceed Labour's housing targets.
BUT as things stand, the Government's housing targets are not on track, and so households across the UK will not feel this benefit.