London Daily

Focus on the big picture.
Sunday, Mar 22, 2026

The private housing sector is failing to meet social need

The private housing sector is failing to meet social need

AS THE temporary coronavirus crisis ban on evictions comes to an end, the government is facing demands for immediate action to halt the tsunami of homelessness that threatens one in five private renters.
A variety of factors intervene to make this particular crisis worse than the routine human disasters which attend the normal working of Britain’s dysfunctional housing set-up.

First up, an enormous backlog of rent arrears has built up over the last year. This is no surprise given that millions have been surviving on reduced incomes and that many people are finding that as the furlough subsidies run out, housing insecurity is added to their precarious work situation.

Second, the starting point for this particular stage in the housing crisis is grounded in the uncomfortable truth that one in four renters in the private housing sector entered this crisis already mired in poverty. Half the children living in privately rented housing live below the poverty line.

It is a scandal that in 21st-century Britain — in the fifth richest economy in the world — millions of families face the choice of skimping on food and fuel or paying rent.

Deep-seated structural factors make the housing situation a nightmare for any working family that cannot access cash or credit.

Britain’s housing crisis is rooted in the capitalist system itself and in the peculiar turn that British capital has taken in which a highly financialised speculative economy has ballooned into a permanent pressure for instability and housing shortage.

Despite the Tory attempts — some successful — to place the blame for the 2008 financial crisis on excessive public spending, the real root for the collapse, the profligate lending by US banks “secured” on unsustainable valuations on dodgy “subprime” property that fed directly into our economy, tells us much about the workings of the housing market.

Every landlord, whether they are a small scale buy-to-let speculator paying for their own housing by renting out, or a big corporation hoovering up ex-council housing stock, or an investment business banging up apartment blocks in inner-city sites, or a builder covering the countryside with “executive homes” for people fleeing the cities – they all know that shortage is what drives up prices and rents.

Official figures suggest Britain needs well over 300,000 new homes every year just to meet the normal growth in population and the kind of demographic changes which flow from the routine operation of a developed economy.

But even if this figure were to be achieved it would not meet the backlog.

The simple fact is that, as in so many areas of modern life, the private sector cannot meet social need.

Meeting the simple demand that everyone have a roof over their head and a secure place to call home has proved beyond the capacity of the capitalist system.

Controls on capital is the bedrock solution to the kind of planning that is needed to solve so many problems.

There are a million-plus people on council housing waiting lists. A massive investment in public housing coupled with extra powers to local authorities to unlock capital, regulate rents and housing quality standards, acquire vacant property and drive down housing costs is needed.

Every expert, from select committee to Shelter, knows what is needed. It is the political system held hostage to private ownership and profit that stands in the way.

If workable solutions to the systemic crisis of housing cannot be found within the framework of society as it is presently organised, then the question arises, where can we gather the forces, the ideas and the people to make the necessary changes?
Newsletter

Related Articles

0:00
0:00
Close
Duchess of Sussex Secures ‘As Ever’ Trademark Rights in Australia Ahead of High-Profile Visit
UK Reaffirms Security as Officials Reject Claims of Immediate Iranian Missile Threat
Rising Middle East Tensions Spark ‘Trumpflation’ Debate Over Impact on UK Households
UK Minister Says No Evidence Iran Can Strike Europe Despite Heightened Warnings
British-Iranians Voice Safety Concerns to Authorities as Regional Conflict Intensifies
Confirmed Meningitis Cases Linked to Kent Outbreak Revised Down to Twenty
UK Government Sees No Evidence Iran Can Strike London Amid Rising Regional Tensions
Debate Grows Over Recognition of Indigenous Cultural Icons in the United Kingdom
Iran Missile Launch Toward Diego Garcia Raises Questions After Failed Strike on US–UK Base
Donald Trump Amplifies Viral Satirical Clip Highlighting UK–US Political Dynamics
UK Satirical Show Draws Attention with Sketch Referencing Trump and Prince Andrew
Meghan Markle’s Possible UK Return Sparks Renewed Attention on Sussex Role
Starmer Convenes Urgent Talks on Cost-of-Living Pressures Linked to Iran Conflict
Starmer Convenes Urgent Talks on Cost-of-Living Pressures Linked to Iran Conflict
UK Investors Eye Bargain Shares Ahead of ISA Deadline Amid Market Volatility
UK Investors Eye Bargain Shares Ahead of ISA Deadline Amid Market Volatility
Northern Lights Expected Over UK Skies Tonight Amid Strong Solar Activity
UK Condemns Iran Missile Strike and Warns Against Threats to British Personnel
UK Warns of Global Flight Disruptions as Iran Conflict Escalates Under Trump’s Leadership
UK Condemns Iran After Missile Strike Targets Strategic Diego Garcia Base
Deadly Meningitis Outbreak in UK Reinforces Urgency of Vaccination Campaigns
Iran Launches Long-Range Missile Strike on Remote US-UK Base, Signaling Expanded Reach
Iran Launches Long-Range Missile Strike on Remote US-UK Base, Signaling Expanded Reach
UK Rules Out Cyprus Base Role in Joint US Self-Defence Framework
UK Ends Hereditary Peerage Rights in Parliament in Historic Constitutional Reform
Lord Walney Warns of Expanding Iranian Influence Networks Within the United Kingdom
Iranian National Among Two Arrested After Attempt to Access UK Nuclear Submarine Base
Deregulation, Artificial Intelligence, and Fraud Laws Reshape UK Financial Services Landscape
UK Considers Lower Speed Limits to Reduce Fuel Use Amid Escalating Energy Crisis
UK Borrowing Costs Surge to Post-Crisis High as Markets React to Inflation and War Risks
UK Government Prepares Emergency Economic Measures as Iran Conflict Fuels Financial Risks
Meningitis B Outbreak in the UK Raises Urgent Health Warnings as Cases Surge
Iran Issues Stark Warning to Britain Over US Base Access Amid Expanding Conflict
United Kingdom Authorizes US Strikes from British Bases as Iran Threatens Key Shipping Routes
Reform UK Suspends Scottish Candidate Following Financial Misconduct Allegations
Apple issues an unusual warning: this is how your iPhone can be hacked without you doing anything
UK and Nigeria Reach Agreement to Accelerate Return of Irregular Migrants
UK Sets New Aid Priorities Following Significant Budget Reductions
Cyprus President Urges Open Dialogue Over Future of British Sovereign Base Areas
Cyprus President Urges Open Dialogue Over Future of British Sovereign Base Areas
UK Plans 50% Steel Tariffs in Bold Move to Protect Domestic Industry
Iran Conflict Sends Shockwaves Through UK Economy as Energy Costs and Trade Risks Surge
UK Health Officials Warn Kent Meningitis Outbreak Still Active as Cases Continue to Rise
UK Climate Progress Faces Scrutiny Over Reliance on Carbon Accounting Methods
UK Deploys Advisers to United States to Shape Plan for Reopening Strait of Hormuz
Amazon Bets on AI-Driven Alexa Upgrade to Revive UK Smart Speaker Market
UK Abortion Law Changes Spark Strong Response from Church Leaders and Pro-Life Advocates
UK Abortion Law Changes Spark Strong Response from Church Leaders and Pro-Life Advocates
GB News Faces Regulatory Complaints Over On-Air Remarks on ‘Genocide’ Claims
UK Signals Expanded Support for Gulf Allies as Iranian Attacks Intensify Regional Threats
×