Young people are no longer footloose and fancy free – and rent rises are to blame

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Millennials, eh? They never stand still. Always on the move, with their ‘portfolio careers’, side hustles in the gig economy, and no loyalty to the companies they work for. With an attitude like that, it’s no wonder they struggle to find decent work and pay. There’s only one problem with this common trope though. It’s … Continued

Social renting: a working hypothesis

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Social housing has many virtues: it provides families with a secure home at a reasonable rent, and the state with a smaller benefit bill and an asset to leverage. So what’s not to like? Other than the upfront cost, perhaps the most enduring objection we hear to the tenure is that it may have a … Continued

The one million missing homes?

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The relationship between housing supply and demand is always going to be of interest to those (like us) who care about living standards and housing costs. The ONS household figures published last month have prompted us to think more about this topic, especially given the new data suggests fewer households will form over the next … Continued

Lifting the lid on the HRA cap

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Budget 2018 may have been a bigger deal than most of us expected but it’s been underwhelming when it comes to housing, especially given the government claimed just weeks ago that ‘solving the housing crisis is the biggest domestic policy challenge of our generation’. That said, we do now have details about the lifting of … Continued

Labour market
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Migration

The most biddable of them all?

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This piece originally appeared on Times Red Box. Today’s headlines tell us once again that net migration from the EU to the UK is down significantly since the Brexit referendum, with record levels of emigration of EU citizens and a large drop in the number of people coming from the continent looking for work. In … Continued

Jobs
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Labour market
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Quality and security
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Pay

Unwrapping the agency worker pay penalty

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Christmas is coming – and many of the presents we’re all busy buying are being picked and packed in warehouses, delivered by drivers, or sold to us in shops by staff who are not directly employed, but who work through an agency instead. So how has this part of the workforce fared over the course … Continued

Budgets & fiscal events
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Housing

Stamping it out? Housing in the Budget

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It’s that time of year when we all read the runes from the Treasury in an effort to anticipate what will be announced in the Budget next week. We know the government is acutely aware that nothing ranks more highly with the disaffected young voter than the question of housing. Small surprise, then, that many … Continued

Helping or hindering? The latest on Help to Buy

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When Sajid Javid announced last month that the government would allocate a new tranche of money to the Help to Buy (HTB) programme he claimed that this would enable “people to make their dream of owning a home a reality”. But is this expensive policy really doing ‘people’ any favours? When HTB was introduced in … Continued

Looking for house and home

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You can normally get a good feel for changing political priorities by tracking how often the parties refer to particular issues over time. Search for ‘house’ and ‘home’ in the manifestos of the two main parties and, as Figure 1 shows, in 2001 neither term got much of a look-in. Today, even when we strip … Continued

Housing
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Political parties and elections

Home ownership for young families has halved in West Yorkshire, Greater Manchester and Outer London since the 1990s

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The phrase ‘housing crisis’ is rarely off politicians’ lips these days as they increasingly recognise that the cost of a home – to buy and to rent – plays a key role in determining living standards. And quite right too as new Resolution Foundation analysis shows that the crisis is both acute and widely felt. … Continued

The delicate balance of ‘build to rent’

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How times change. Twenty five year ago less than one in ten families rented their home from a private landlord; today that figure stands at close to one in five. Renting is no longer the tenure of just the footloose and fancy-free who prize the flexibility that it offers. The private rented sector (PRS) is … Continued

A tale of two cities

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Housing affordability is often depicted as primarily a London problem but is this really the case? New analysis from the Resolution Foundation suggests that while the capital may be at the epicentre, the housing storm now rages far and wide. London itself is a tale of two cities. Home ownership rates in Inner London have … Continued

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