The housing crash is just beginning
The Politics Show
The New Statesman
4.2 • 1.5K Ratings
🗓️ 2 December 2023
⏱️ 40 minutes
🧾️ Download transcript
Summary
Housing in the UK has become increasingly unaffordable during the last two decades, buying a home is an unattainable prospect for many in the country, and the challenges facing renters are now reaching a tipping point. And the rentier economy is not only freezing out housing tenants. Small, and sometimes large, businesses are also being priced out of these spaces, which is having a significant effect on the UK's cultural landscape.
Anoosh Chakelian, Britain editor at the New Statesman, is joined by Will Dunn, business editor, and Ellen Peirson-Hagger, assistant culture editor, to discuss the economics of the current housing market as well as the cultural and societal effects which are being felt up and down the country.
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Transcript
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| 0:00.0 | May I have your attention please you can now book your train tickets on Uber and get |
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| 0:33.0 | That's according to the 2023 Q3 Global Catastrophe Recap report |
| 0:38.0 | from Global Professional Services firm Aeon, which is sponsoring the New Statesman Podcast. |
| 0:43.6 | These disasters also have a huge economic impact. |
| 0:46.7 | While global insured losses from natural disaster events had reached 88 billion by the close |
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| 1:18.0 | The New Statesman, and you're listening to the New Statesman podcast. Today I'm joined by Will Dunn, the New statesman's business editor and Ellen Pearson Hager, our assistant culture editor to discuss why the UK's housing crash is just beginning. |
| 1:42.0 | Today we're diving into a critical issue that hits close to home for many across the UK, |
| 1:47.0 | the state of our housing market and specifically the dire state of the rental market. |
| 1:52.0 | Housing in the UK has become increasingly |
| 1:54.4 | unaffordable during the last two decades. Buying a home is an unattainable prospect for many in the country, |
| 1:59.7 | and the challenges facing renters are now reaching a tipping point. |
| 2:03.0 | And we're here together, each of us, because we've been looking at and reporting on different aspects of the housing crisis over the past few weeks and the sort of wider effects that it's having on all of our lives. |
| 2:13.0 | Will do you want to tell us a bit about what you've been looking into? |
| 2:16.0 | Yes, I've been mainly looking at the way the housing market, house prices and rents is changing as a result of what's changing |
... |
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