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Britain is in some ways 'cursed' with London. It's geographical location in the far south east of the country, combined with its financial power and the south e
by junto 13y ago
Britain is in some ways 'cursed' with London. It's geographical location in the far south east of the country, combined with its financial power and the south east's proximity to Europe, means that the UK is skewed both financially and as a direct result, a housing shortage.
There are 22,000 people waiting for council, housing in Tower Hamlets, a poorer area of London with lots of social problems. People live in bedsits that are technically illegal housing, because of poor or downright dangerous facilities.
The current government believes that the free market will resolve these problems. That jobs will pull people out of places like Tower Hamlets and to 'somewhere else'. Thatcher for all of her bad points did bring in the idea of Enterprise Zones, where poor communities outside the south east hotspot would have officing and factories built and then rented for free for several years. The project was relatively successful in encouraging large companies to set up European bases and factories in these areas.
This government doesn't appear to be doing anything like that, at least not on the same scale. It was money well spent, even if some of the companies that used the scheme, especially the multi-nationals, abused the system somewhat.t still brought jobs to the Celtic fringes, and lowered the pressure on the London pressure cooker.
Something like that scheme is needed on a permanent basis. Sure it costs money, lots of it, but long term the entire UK will benefit.
- collyw 13y ago>The current government believes that the free market will resolve these problems. Except the housing market in the UK is anything but a free market. Help to Buy, Tax breaks for Buy To Let, a bubble that should have collapsed back in 2007, but instead the government seems to be trying to do everything to keep it inflated. The majority of home owners in the UK could not afford to buy their home at current prices. Especially in the south east.