Check out my recently published article in Qandor Magazine’s October issue, page 72.
In this article titled ‘UK Housing Crisis In The Midst of the Pandemic’, I have shared my insights about the indisputable fact that the pandemic has accentuated what is one of the critical issues that the UK is faced with: the housing crisis.
The recent COVID-induced lockdown caused an unprecedented drop of 20.4% in UK GDP in the second quarter of 2020 – the worst quarterly fall since records began. It took us back to where we were in the mid-’80s in terms of levels of economic activity. Following on the heels of a 2% decline in Q1 – also lockdown related – technically this places us in a recession.
For many years, we have struggled to meet levels of demand for housing or address the affordability issues which have arisen as a consequence of this. Its effect is felt across the nation. The imbalance between need and supply of housing puts people out of the market and causes a series of economic and social problems.
I call upon the government to act on this now. Suitable housing is a basic necessity. If it’s not available, the lacerations this creates in our social and economic fabric are an issue for all; and ultimately, we will drift into a much larger-scale housing crisis, which will continue to affect us in generations to come.
To read my article in full, please click here.