Britain’s housing shortage could be resolved if housebuilders were allowed to build significantly more new homes on the green belt, according to the Organisation for Economic Co-operation and Development (OECD).
Unaffordable housing is harming productivity which damages GDP growth and living standards, the OECD said.
The think tank also warned poor skills and a lack of investment in infrastructure and research was holding back the UK’s productivity, while it also suggested that better provision of social housing was needed ‘where private sector activity is insufficient to promote greater equity in housing access’.
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