The new PM must recognise housing is key infrastructure for growth

paul smith crop

It is time to realise a lack of homes makes it harder for people to find somewhere to live close to labour markets, hitting the UK’s growth and productivity, writes Paul Smith

Growing the economy will be a priority for whoever wins the Conservative Party’s leadership election - changing the way we think about housing can highlight the key role it has to play.

The United Kingdom has a growth problem. The 15-year period before the pandemic saw the weakest growth in GDP per capita since the First World War. Relative to America and Germany we are declining – our wages are now closer to those in Poland than the United States.

Delivering economic growth is proving to be a key battleground for Rishi Sunak and Liz Truss as they campaign to become our next Prime Minister. “There is so much more we can do to unlock the economic potential of the UK,” said Sunak – the man responsible for our economy since 2020. Truss, on the other hand, told us “I will be laser focused on turbocharging business investment and delivering the economic growth our country desperately needs

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