With the housing crisis firmly on the political agenda, the CBI’s Chief Economist Rain Newton-Smith joined Liz Truss MP Chief Secretary to the Treasury, Alan Manning Professor of Economics LSE and Lindsay Judge, Senior Policy Analyst at the Resolution Foundation to discuss if the housing crisis has made us a less mobile nation. The discussion considered whether people are moving for work more than ever and if the rise of private rented accommodation has made it easier for people to move around for work.
Rain argued that there has never been a more important time to invest in infrastructure and to explore the synergies between housing and labour market mobility. In particular, she raised three key areas:
- Housing should be an infrastructure priority
Building homes should no longer be seen in isolation, but as part of an integrated infrastructure system. New housing requires new infrastructure such as roads, schools, hospitals and they