Addressing Britain’s housing crisis is now firmly on the political agenda, but it is far bigger than millennials’ struggle to get onto the property ladder. The implications of big changes to housing costs and tenure over recent decades – on individuals, families and the world of work – are still not fully understood. In particular not enough is known about their impact on who moves around the country, not least for work.
Is it true that people are moving for work more than ever? How have pay levels and housing costs changed across the country in recent decades? Has the rise of private rented accommodation made it easier for people to move around for work? Does it pay for people to move, and does it make for a stronger economy or society?
In the run-up to the launch of the Intergenerational Centre in mid-June, which is housed within the Resolution Foundation, we presented research, supported by the Nuffield Foundation, on the impact of recent housing trends on young people’s pay and job prospects. A panel of experts then discussed the issues raised from the research, before taking part in an audience Q&A.
Liz Truss MP, Chief Secretary to the Treasury
Alan Manning, Professor of Economics, LSE
Rain Newton-Smith, Chief Economist at the CBI
Lindsay Judge, Senior Research and Policy Analyst at the Resolution Foundation
David Willetts, Executive Chair of the Resolution Foundation