Homes in England are more cramped than those in New York City, according to new analysis that showed UK property offers the worst value for money in the developed world.
The Resolution Foundation found that the UK has the oldest properties in Europe and English homes have less floorspace than many international peers, notably Germany, France and Japan. With 38 square meters on average per person, London homes are even more cramped than those in New York City.
The findings, which also show UK housing costs are also more expensive relative to general prices than in any OECD country, underscore the scale of the housing crisis in Britain. Many younger Britons are struggling to get a foot on the property ladder due to soaring prices, and the issue is rising up the political agenda ahead of an election expected later this year.
“By looking at housing costs, floorspace and wider issues of quality, we find that the UK’s expensive, cramped and aging housing stock offers the worst value for money of any advanced economy,” said Adam Corlett, principal economist at the Resolution Foundation. “Britain’s housing crisis is decades in the making, with successive governments failing to build enough new homes and modernize our existing stock. That now has to change.”
The Resolution Foundation found that if all UK households were “exposed to the full brunt of the housing market, the UK would devote the highest share of overall spending to housing” to every OECD country except Finland.
Some 38% of UK homes were built before 1946, higher than the level of 29% in France, 24% in Germany, 21% in Italy and 11% in Spain. That means British properties by comparison are poorly insulated and come with higher energy bills.
Think the stability came from the empire, countries did a lot worse of the stability front post empire.
Britain spent an awful lot of money ending slavery and spent a lot of money policing the ocean.
IAre you saying Indians in UK are the “flea ridden bed. They can sleep in it”
Britain ending slavery after they used the proceeds of their criminality to build up a technological advantage is not the noble feat that you’re making it out to be. The fact that the British government elected to compensate the criminals and not the victims of that evil trade should tell you everything that you need to know about how Brits viewed enslaved Africans at the time and arguably how they continue to view their descendants (see the offer to build a prison in Jamaica in lieu of reparations). The money spent on the navy was to protect the British monopoly and destroy competition, let us not deceive ourselves. If Britain was really as offended by slave labor as you claim they would not have replaced enslaved Africans with indentured Indians whose life chances were just as bleak on those British owned plantations - 10 years to win your freedom doesn’t mean much if the life expectancy on a plantation is only 5.
As for your claims of stability. That is pure nonsense. The Brits are the ones who fomented anarchy in much of the world by imposing leaders upon the people of faraway lands who would do their evil bidding. They further compounded their evil by forcing peoples who had no legacy of unity into faulty systems that would inevitably fall apart. The only thing that united the peoples of the areas we now know as India, Kenya, Sudan, Nigeria was their disdain of an invading and exploitative force.