CBI and BCC call for more housebuilding

The CBI employers’ organisation and the British Chambers of Commerce are calling for 240,000 homes a year to tackle the “chronic” housing shortage.

The CBI is calling for MPs to stop “putting off big decisions until they’re overdue”.

Katja Hall, CBI deputy director-general, said that housing shortage should be a Government priority otherwise there will be “huge implications” for the country's competitiveness as the nations workforce becomes increasingly inflexible due to a lack of affordable housing and the high costs of re-locating.

However, despite house building over the last 12 months hitting a post 2007 crunch high, the  137,000 new starts continues to fall far short of the forecasted demand.

More on the CBI calls for housebuilding in the Financial Times

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