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This week in the ONLY agenda-free UK Property and Macroeconomic roundup:
The deep dive looks at a draft report on the true scale of subsidy required to deliver 90k social rent homes each year in the UK.
We also have, in the Macro section:
Halifax and Nationwide’s respective price indices
The Bank of England Money and Credit Report analysed
The PMIs - final May numbers which were better than the drafts!
And of course the gilts and swaps - weekly staple.
The deep dive gets into the true reality of the Social Rent Home Delivery subsidy issue, as the current funding is a tiny fraction of what’s needed (about one eighth) in order to actually do what has been promised for many years - see this week’s quote.
I add historical context to the permacrisis, and also some doses of reality to the proposed solutions - nevertheless, it is one of the more robust pieces of work I’ve reported on for some months.
Enjoy
Workshop tickets: http://bit.ly/pbwseven
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