Why the housing crisis is far worse than Labour wants you to believe

Housing minister Steve Reed has been boasting about Britain’s housing market since Labour came into office – but is he right to celebrate? The country’s housing crisis seems to be delivering the worst of both worlds. Young people trying to get on the property ladder are being priced out by stubbornly high costs, while older homeowners looking to downsize find themselves trapped, with too few buyers able to afford their homes. Michael Simmons takes a look at the data. // SUBSCRIBE TO THE SPECTATOR Get 12 issues for £12, plus a free £20 John Lewis/Waitrose voucher https://www.spectator.co.uk/tvoffer // FREE PODCASTS FROM THE SPECTATOR Hear more from The Spectator's journalists on their podcasts, covering everything from the politics of the UK, US and China, to religion, literature, lifestyle and more. https://www.spectator.co.uk/podcasts/ // FOLLOW US https://www.twitter.com/spectator https://www.facebook.com/OfficialSpectator https://www.linkedin.com/company/the-spectator https://www.instagram.com/spectator1828 https://www.tiktok.com/@thespectatormagazine