The article highlights the United Kingdom’s dire economic situation characterized by an energy shortage and housing crisis. A report titled "Foundations" pinpoints that modern Britain's inability to construct essential infrastructure is key to its economic malaise. As real wages have stagnated for 16 years, the housing market sees homeownership rates drop significantly for younger workers, while housing prices have surged. The authors argue that existing laws and customs severely hinder construction, exacerbating the nation’s struggles with affordability and productivity.
The U.K. suffers from a profound energy shortage and affordability crisis, as productivity remains stagnant, with real wages barely growing for 16 years.
The report 'Foundations' claims that the key problem in modern Britain is the difficulty of building essential infrastructure, exacerbated by restrictive laws and customs.
Homeownership for British workers aged 25 to 34 has drastically declined, alongside a significant rise in housing prices, highlighting a critical housing shortage.
The nation remains trapped in a disappointing political cycle while desperately needing more housing, energy, and transportation infrastructure to foster economic recovery.
Collection
[
|
...
]