No one doubts the need to reform the housing market. Everyone argues about how, and to what extent. For decades we’ve recognised that our housing market is a political priority, but unfortunately that’s led to years of government interventions that have made it worse. Our market doesn’t operate like a market. It doesn’t have the common features of a market economy: supply does not meet demand, innovation does not lead to growth or efficiency. We broke it, we brought it. It’s up to the Government to fix it.

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