Liberalise planning laws to lower house prices

Mark Littlewood appears on BBC R3

Mark Littlewood appeared on BBC Radio 3 to discuss the middle classes in the current economic climate.

Mr Littlewood argued that altough the economy has not recovered to 2008 levels and the middle-classes are generally poorer, we are likely to see the middle classes thrive in the next 20 or 30 years.

Following statements that inflated house prices and the nature of public schooling are examples of how the market has failed to provide goods privately, Mr Littlewood argued that this is not true. In both of these cases the problem is actually that the market has not been tried. For example, high housing prices are a result of not liberalising planning therefore resulting in restricted supply and inflated prices. If we do not allow the private sector to build more houses then we will price people out of the market.

Listen to the full programme here. Segment begins at 4.36.

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