NEF’s Idiot Plans To Solve The Housing Problem

There’s a reason why New Economics Foundation stands for Not Economics Frankly. That reason on display here with the plan for reforming the housing market.

New figures released on Wednesday confirmed what we already knew: homeownership is becoming increasingly out of reach for young people. A survey by Santander found 70% of 18- to 34-year-olds now believe that homeownership is over for their generation. Our housing system has been allowed to degenerate to such an extent that secure and affordable housing is increasingly unavailable to working-class people, and in many places middle-class people too.

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Young Peoples’ Dreams Of A Home Of Their Own

Apparently the young of today simply aren’t ever going to gain a home of their own.

Young Britons believe dream of owning home is over, survey says

It’s not going to work out that way. Not in the slightest.

One of Britain’s biggest mortgage lenders has found that 70% of young people now believe that the homeownership dream is over for their generation.

Just not how the world works. As Alex Tabarrok has been known to point out.…

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The Monarchy Works Which Is Why British Republicanism Is Dead

Larry Elliott points out – rather sadly – that British Republicanism is pretty dead as a viable idea. There being a rather good reason for this over and above the one he gives:

Persuading Britain to choose a replacement for the Queen from the current crop of politicians, tarnished as they are by economic torpor, the expenses scandal and Brexit, would be a complete non-starter.

Sure, we need to have a head of state. Someone, if you like, to pin the Victoria Cross on the brave lads and lasses.…

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German Unification Was A Product Of British Interference

No, not that one, not 1990 and all that. Rather, the existence of a unified German state at all was the result of British interference. Leading to the interesting thought that the world would be a very different place indeed today if that old patchwork of Duchies and Kingdoms and county palatinates and all the rest had remained. The Reactionary Herald and Feudal Times had a point:

How Britain unified Germany: Endogenous trade costs and the formation of a customs union
Thilo Huning, Nikolaus Wolf 12 April 2019

Nation state borders are not above contention, and have shifted often in even the medium term due to both political and economic disputes.…

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Britain Plans To Abolish Social Media In Its Entirety

This might not be quite what is intended but it’s the certain result of the plan, Britain is looking to abolish social media in its entirety. The reason for the difference between the aim and the action is simply that people are not understanding the underlying model. We can call this a matter of economics, of business structure, of law, but that’s where we are. The proposal is to move social media from one particular structure over to another.…

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How Can A Google Search Be Antisemitic?

The latest claim is that we’re all using the search engines – Google is the exemplar – to show how antisemitic we are. The problem here being that it’s not in fact possible for a search to be pro- or anti- anything. If I or you search for “No more broccoli” are we thereby signalling our intent to never let the beastly stuff pass our lips? Thereby triggering protests from the Broccoli Growers of America? Or are we researching George Bush, the one who just died?…

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Brazilian Termite Mounds Size Of Britain Emit Climate Changes Gases Like – Maybe More Than – Britain

This is one of those things which is around and about true even if not exactly so – Brazilian termite mounds have been found covering an area about the size of Great Britain. They likely emit greenhouse gases to something like the amount of Great Britain too. Yes, of course, the amount emitted by the UK is in addition to the natural cycle, the termites part of it, but it’s still an interesting enough comparison. And we might also note that natural doesn’t mean either good or harmless – as deadly nightshade tells us.…

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The UN Rapporteur, Philip Alston, Investigates Britain’s Extreme Poverty – Not That We Have Any

Philip Alston is the UN Rapporteur on extreme poverty around the place. He’s just arrived in the UK to report on how well – or how badly of course given the way his report will read – Britain deals with said extreme poverty. His report won’t be hampered in the slightest by the unfortunate fact that the UK doesn’t actually have any extreme poverty. That true destitution was gone generations back. Barbara Castle even said so back in 1959.…

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The British Minimum Wage Rise Lowered the Quality Of Care Homes

This isn’t a surprise although it sure took the people who created the policy as one. If over 25 year olds cost more than under 25 years olds then who will you hire? Raising the British minimum wage lowers the quality of care in care homes:

Changing the structure of minimum wages: Firm adjustment and wage spillovers
Giulia Giupponi, Stephen Machin 11 August 2018

In 2016 the National Living Wage in the UK raised the minimum hourly wage for workers aged 25 and over.…

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Of Course British Livings Rooms Are Smaller – Planning Permissions Means Houses Are

The Guardian tells us that British houses are getting smaller. Entirely contrary to how we would expect matters to be going – richer societies usually have more room per person in dwellings and Britain is certainly richer than it was in the 1940s or 1970s. The reason for this is twofold – the law insists that new houses must be small and the law also insists that the land to build them upon must be expensive, leading again to small houses.…

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