• Consistently smashed its centrally set housing delivery targets (Manchester LA).
And when you ask the people in Manchester why they were able to deliver at pace, one of the first things they'll say is that they managed get the UK government out of the way.
Absolutely devastating data on the London housing market from @MoliorLondon today. Sales and starts (on private schemes of 20+ homes) both heading towards zero. (1/?)
…Conclusion 2: Building will look different in different places.
This is a tale of two countries: London and the Southeast desperately need more homes.
Other towns & cities lack good transport, and industrial heartlands depend more on energy. (graph from @jburnmurdoch)
In London, the average home was not affordable for any household income decile.
In three other regions (South East, East of England & South West), the average home was only affordable to the top decile.
Read more ➡️ https://t.co/T4qhXhiwX5
I’m not sure what the government has briefed, but it sounds like phasing stamp duty out (by buyer opt out) into a new ongoing property tax, set at the net present value of expected SDLT revenues at the moment of opting. Excellent idea if so https://t.co/3KxKhg1yvx
Really good work by @NP_Partnership and the Mayors across North England to dig into this and get the message out. It's not a huge amount of money but these kind of things add up and the message it sends that nowhere in North England is worthy of attracting global talent is toxic.
This is an interesting piece, on the underlying reasons for high UK energy bills. Consumer prices come later - its all driven due to gas (we need to delink our electricity prices from the gas price urgently)
Britain is a nation that appears committed to artificially compressing median domestic wages until every Englishman (and anyone else here) earns £35-40k irrespective of skill or qualification. The outsourcing of recruitment to the digital realm further assists with this.
Wages are collapsed at the high end, which for domestic wages, is anything over £50k because income tax over this becomes untenable.
At the low end (anything under £30k), these wages are pushed up due to expanding minimum wage legislation.
Figure 10 here is interactive, this will shock any American. The Englishman needs to begin discussing his state of poverty openly: https://t.co/eekDqdbxVU
The lowest paid UK workers have seen by far this biggest pay rises over the last 25 years: real pay is up by a third for the 10th percentile and up a fifth for the 25th percentile vs. only 12% for the median and 11% for the top 10%
Here's a map of the the median individual income after taxes and transfers for some European countries, adjusted for cost of living, in euros.
Remember this is everyone, including the elderly. Not just full-time workers. Also, the UK is starting to fall noticeably behind France
In a rare decentralisation win for the British constitution, I think it highly unlikely that our genuine King would ever openly interfere with a municipal government's congestion charging scheme.