Regaining control of the housing market is integral to the future of the UK’s democracy. The longer younger generations remain unable to own a key stake in society, the less they shall seek to protect the system they find themselves a part of. The longer Millennials and Gen. Zs remain discontent, the more likely populism will continue to grow and undermine the country’s very values.
Starmer’s decision to remain bold and steadfast with housing reform while other policy sectors have experienced budget slashes shows Labour’s acute awareness of how important the current crisis is to younger generations. While the Tories, and even New Labour, have missed housing targets, Starmer’s commitment to getting the UK building again could be the decisive factor in mobilizing the Millenial vote in a new electoral era.
Both government and opposition remain unified in ignoring the impact that migration is having on the UK housing market. As an overflowing population continues to swamp supply and spike prices, Tories and Labour alike remain too scared to confront the elephant in the room.
Following in the Conservative Party’s footsteps, Labour’s austerity-inspired policies will do nothing to solve the UK’s housing crisis. Despite Hunt and Reeves’ best attempts to ignore the obvious, higher taxes and increased spending are the answers if the country finally wants to see improvements in the living standards of the working classes.