The London housing market is not broken, “it is entirely rotten”. The foundations have crumbled and quick-fix announcements expected in the Spring Budget would likely have done little more than paper over the cracks.
As it transpired, Chancellor Jeremy Hunt ignored the chance to implement reforms to the housing market. Yet an urgent solution is needed if we are to avoid a brain drain, an exodus of key workers and the glissade into a city where no ordinary people can afford to live.
