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United Kingdom

How the British Broke Their Own Economy (theatlantic.com) 208

Britain, the birthplace of the Industrial Revolution, now suffers from its opposite: profound energy shortages and deep affordability crises [non-paywalled link]. A new report titled "Foundations" identifies the root cause -- "it is difficult to build almost anything, anywhere" in the UK.

Housing exemplifies this malaise. Since the 1990s, homeownership among young British workers has halved while housing prices doubled. The 1947 Town and Country Planning Act effectively nationalized development rights, requiring special permission for new construction and establishing restrictive "green belts." Despite Margaret Thatcher's market reforms, British house-building never recovered.

This constrictive policy has stymied potential growth beyond housing, Atlantic reports. Cambridge remains a small city despite biotech breakthroughs that might have transformed it into a major hub. Transit infrastructure languishes -- Leeds is Europe's largest city without a metro system. Energy production has collapsed, with per capita electricity generation now roughly one-third of America's.

Britain faces a self-imposed scarcity crisis. Environmental regulations, while beneficial, created a one-way system where lawsuits easily block development. As co-author Sam Bowman summarized: "Europe has an energy problem; the Anglosphere has a housing problem; Britain has both." The solution requires comprehensive reform-- overhauling the planning system, reducing anti-growth litigation, and encouraging energy production to unlock what the private sector "already wants to do."

How the British Broke Their Own Economy

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  • Guessing ... (Score:5, Informative)

    by fahrbot-bot ( 874524 ) on Monday March 03, 2025 @01:17PM (#65207571)

    Brexit? Which, apparently, more and more people think was a mistake.

    In hindsight, do you think Britain was right or wrong to vote to leave the European Union? [statista.com]

    As of January 2025, 55 percent of people in Great Britain thought that it was wrong to leave the European Union, compared with 30 percent who thought it was the right decision.

    How do Britons feel about Brexit five years on? [yougov.co.uk]

    On 31 January 2020, Britain officially left the European Union, putting into action the 52% to 48% vote to ‘Leave’ the EU at the 2016 referendum. Now, five years on, how do Britons feel that Brexit has gone and what do they want our future relationship with Europe to look like?

    Just three in ten Britons (30%) now say that it was right for the UK to vote to leave the EU, compared to 55% who say it was wrong for the country to vote for Brexit in 2016. This is the lowest proportion of the public saying that Britain was right to vote to leave since YouGov began asking this question in the aftermath of the referendum.

    • Re:Guessing ... (Score:5, Insightful)

      by JoshuaZ ( 1134087 ) on Monday March 03, 2025 @01:20PM (#65207581) Homepage
      Brexit made these problems worse, but these problems existed long before Brexit. Many of the regulations in question started in the 1960s and 1970s.
      • Re:Guessing ... (Score:5, Insightful)

        by serviscope_minor ( 664417 ) on Monday March 03, 2025 @01:33PM (#65207651) Journal

        Thing is we have plenty of space for everyone. We're doing pretty well:

        https://www.bbc.co.uk/news/uk-... [bbc.co.uk]

        problem is most of the space is owned by wealthy people leaving no room for everyone else. This is not a problem of supply, it's a problem of wealth concentration.

        We are NOT going to solve the housing crisis by letting rich people further shit on the environment by concreting over green belt land at knock down prices.

        • I think housing is becoming too expensive everywhere. I heard a nice analysis of it on the radio. Down here, there are multiple causes. Steady increase in population. Increase of houses per family due to divorces and people that chose a singles life. Land suitable for construction is used as an investment. No one sells unless they have too.
          What I do not understand is why this isn't getting that much attention. If we could drop the cost for rent by 50% no one would be complaining that eggs are too expensiv
        • Re:Guessing ... (Score:4, Interesting)

          by AmiMoJo ( 196126 ) on Tuesday March 04, 2025 @05:19AM (#65209545) Homepage Journal

          Wealth concentration is a huge problem, but so is the poor quality of much of Britain's housing stock, and the unsuitability of it for modern living.

          We should build on green belt more, but build nice new villages and towns, for first time buyers. Detached spacious homes, passivhaus standard, modern construction methods, fitting in with the landscape. They have a lot of them in Japan and they are fantastic places to live. Once the housing crisis lessens we can look at returning some parts of cities that become under-populated to green spaces.

          We won't do that of course, but we shouldn't set our sights as low as just making do with the rubbish that we have.

      • by Roger W Moore ( 538166 ) on Monday March 03, 2025 @01:48PM (#65207717) Journal
        It's the myopic, London and the South-east centred focus of the government, regardless of party, and the lack of any regional government with real power that is the root cause behind a huge amount of the problems, including Brexit.

        The UK is the only western democracy that I'm aware of that, to first order, has no regional governments, other than the Scottish parliament, with any real power. If you look at where the Brexit voters were they we all outside London, South-east and Scotland i.e. the regions where the governments with power don't care about.

        If you want to know why Leeds has no metro it's not because of planning restrictions it's because of a lack of regional government powerful enough to get the money needed to build it. HS2 was going to help improve tranit links to Leeds, Manchester and Sheffield but now it is stopping in Birmingham. The Transpennine express upgrade seems to be going nowhere fast etc. Meanwhile London looks like it is getting Cross Rail 2 and everyone in the country is expected to help fund it.

        It's true that London is a hub and does need more transit that other UK cities but focussing entirely on London to exclusion of everywhere else in the UK is leading to rising resentment and, if it is not addressed, is going to break the UK at some point - it's already severely hurt it with the Brexit "protest" vote. The UK desperately needs strong regional governments like the Scottish parliament - larger than the old counties with more power than the new "mayors". However, no government in Westminster is willing to do that because it means giving up power and creating something that can challenge their authority.
        • If you want to know why Leeds has no metro it's not because of planning restrictions it's because of a lack of regional government powerful enough to get the money needed to build it.

          Also because the conservatives who have historically had an outsized share of power hate anyone who doesn't drive, and frankly Labour isn't far behind. Cars in this country are regarded as the absolute prime form of transport and other forms of transport are ignored at best and demonised at worst.

          Meanwhile London looks like it

          • by Roger W Moore ( 538166 ) on Monday March 03, 2025 @03:22PM (#65208005) Journal

            This sounds suspiciously like anti-London shite to me.

            It's not meant to be anti-London, it's meant to be pointing out that there is a significantly growing divide between London and the rest of the UK. I don't blame Londoners for this - everyone should be advocating for their regions needs since they know them best. I blame the UK government that keeps all power to itself and, being based in London, is only really aware of London's needs.

            Maybe London should pay for London stuff and everyone else would should pay for their own stuff.

            That would work great if everyone had been treated roughly equally for the past several decades but they have not. The UK government has been focussed on building the London economy over and above the rest of the country. The result is that London is doing great while elsewhere not so much. This builds resentment on both sides: Londoners asking why they should fund transit projects outside the capital while those outside ask themselves why their taxes should be funding projects in London when their region is getting nothing.

            Londoners drive less than just about anywhere else, which means this is transportation support for the entire rest of the country.

            Yes but think for a moment why that is. The only place in the UK with great public transport is London and that's because successive UK governments have supported and built a fantastic public transit system there. If places like Leeds had a transit system that good the chances are that there would be far more people using public transport over driving but there are not because the London-centred government isn't aware of the needs in the different UK regions. The one powerful regional government, the Scottish parliament, has invested millions in improved public transit in Scotland and the result is a better transit system in Edinburgh, Glasgow and between other scottish cities than in Northern England. Try taking the transpennine service sometime - at one point it had about 50% of its trains being cancelled - is it any wonder that people take cars when the trains are that bad?

            People outside of London consistently vote for cars cars cars cars

            As you pointed out both Labour and the Tories are very much car-centric parties so who can you vote for that is not car-centric? Even then when you have no public transit and no money to build any what alternative is there? As I pointed out above, the one powerful regional government that the UK does have has dramatically improved public transit in its region. I suspect that if the UK were to actually devolve power to the regions like every other modern western democracy we'd see far better transit everywhere and far more support for national projects to connect them together, like HS2. As part of that London would definitely still get more transit funding as befits a treasured national capital and transport hub but, funding London exclusively is damaging and divisive to the UK as a whole in a way that, as Brexit showed, goes far beyond just transit.

        • I dunno much about Leeds, other than it must be or was a great place to record live concerts.

          I love the Who Live at Leeds album ( the expanded whole concert version)...and I believe there are some other landmark albums recorded there live from the classic rock era.

          • I never went to a concert in Leeds but as a school kid I used to take the train in from Harrogate to visit the computer and electronic shops there from time to time although some of those were a fair walk from the station. Bouncing around on those old 1980's Pacers was quite a ride - if you timed it right though you could get the London train on the way back that went non-stop to Harrogate and being an HST was much less bouncy!
      • The problem with Brexit was it was never defined what it meant or what the plan was but was pitched as the cure to all these problems we blamed on the EU but were entirely our own doing. Bendy bananas all the way down or something.
        • The problem with Brexit was it was never defined what it meant or what the plan was but was pitched as the cure to all these problems we blamed on the EU but were entirely our own doing. Bendy bananas all the way down or something.

          Well Brexit was famously defined in three simple words: "Brexit means Brexit" [bbc.com] which is funny if only because it is an infinite recursion. Having said that, the UK will reap nothing but benefits from marinating in the consequences of Brexit for a generation or two. The British have had the idea of Brexit buzzing around in their heads since the 1st of January 1973 and they should be given plenty of time to fully explore every conceivable facet of it.

    • by sphealey ( 2855 )

      Brexit was an additional anvil on the pony's back, but the basic problems were not rebuilding the heavy industrial economy into a high-tech industrial economy (the US hasn't been totally successful at this but has done much better than England*) and transferring most of their wealth into the financialization center of the City. The latter is the most devastating long-term: whatever financialization and investment capital run by the 0.5% touches it destroys. And it touched most of England.

      [*] yes, I do mean

    • Nope, they don't blame Brexit. They blame land use policy for a lack of private investment.

    • by gweihir ( 88907 )

      Brexit? Which, apparently, more and more people think was a mistake.

      Play stupid games ...
      They have not yet realized how bad that mistake actually was. Maybe with Trump openly going over to Russia and Europe needing to get things working better, the UK will get a chance to rejoin though.

  • by hdyoung ( 5182939 ) on Monday March 03, 2025 @01:21PM (#65207589)
    when it comes to economies. That's really, really damn good for a postage-stamp-sized island.

    They're having plenty of problems. Yeah, they've shrunk a bit in the past decade, and Brexit was a "gouge out my own eye" decision. But their economy is STILL nearly twice the size of Russias. Sure, China's economy is 5 times bigger, but China also has about a hundred times the land, 100 times the natural resources, and like 15 times the population.

    Give them some credit.
    • by Kokuyo ( 549451 )

      Twice the size of Russia at half the population. So factor four.

      Not too shabby. On the other hand, isn't it better to pull bad trends into the light, BEFORE all the good vanishes?

      • Absolutely. That's one of the huge advantages of the western model that includes deep freedoms and a very free press. Self-criticism can be extremely beneficial.

        But only up to a point. I'm not trying to shut the other guy up. But, just as they're free to publish a doom-scrolling article, I'm free to point out a few of the nuances. There are a LOT of people that are trying to discredit the western model of governance. Either for their own gain or just because they're feeling grumpy about life in general.
        • by Kokuyo ( 549451 )

          I am amused aboit you calling "the other guy" a they ;D.

          People wallowing in s!lf-loathing is always a problem. It's hard to find individuals who are able to take a balanced look at themselves, especially under public scrutiny. It's next to impossible to find a whole group of them.

    • So you are saying China still has room for 20x growth? 
      • Theoretically, yes. But, it turns our that lack of land isn't the real barrier to growth. At least in most places. Russia, China, Canada and the US have gobs and gobs and gobs of open land. None of them are growing much nowadays.

        The "overpopulation is the problem" types tend to gloss over the fact that the entire human population could fit into Texas. It would be a supercity, but it would be very livable.
        • Unfortunately each one of those people requires acres of farmland to feed plus somewhere to live and reservoirs to supply their water. You cant bulldoze the entire natural enviroment for that or the whole ecosystem collapses. Britain might have a lot of countryside but almost none of it is unused. Even the mountains have sheep farming.

          Oh and texas is pretty bloody big.

    • And their financial districts in general. Step outside of there and it gets real scary real fast. Like imagine if somebody stretched Detroit into a whole country. You notice it a little bit less how bad it is because they have a proper health care system and proper safety nets so they don't have as much child hunger or homeless dying in the streets as America does.
  • by ddtmm ( 549094 ) on Monday March 03, 2025 @01:23PM (#65207599)
    At least they have the monarchy. That should carry them forward.
    • by mjwx ( 966435 )

      At least they have the monarchy. That should carry them forward.

      They are worth millions in tourist pounds.

      But the irony is we have a constitutional (democratic) monarchy where the king holds no political power and the US has a representative republic where the president holds the power of a king.

      P.S. as an immigrant I had to learn this, the last king of England that held absolute power was in 1215 when the Magna Carta was written, the king of England (later the United Kingdom) hasn't held much political power since 1649 when Oliver Cromwell took over and deposed C

  • by Fly Swatter ( 30498 ) on Monday March 03, 2025 @01:24PM (#65207605) Homepage
    You can't just keep building because there is only a finite amount of space. If you turn everything into homes there is no where left to grow food.

    At some point you hit the point at which building more homes closer together reduces quality of life for everyone. (the British are here)

    Striving for ever expanding economies and population is a fool's fallacy that economists love to ignore. Perhaps they are one of trhe countries already suffering population decline, at that point it's time to stop striving for constant expansion because you can't count on more people working to cover existing debts.
    • Everyone in England lives in the south. Besides the Manchester-Liverpool rust belt, most of the rest of the country is empty. Everyone fights against building houses to keep it that way.
      • by Bert64 ( 520050 )

        If you built houses in those areas noone employed would want to live there because they'd face a long and difficult commute into london every day.

        There are lots of empty/cheap houses in undesirable locations already. The demand for housing is primarily centered around london, and housing costs decrease as you get further away and would have to suffer more commuting time.

        If you spread things out more and encouraged remote working, things would balance out and housing pressure around london would massively de

      • Everyone in England lives in the south. Besides the Manchester-Liverpool rust belt, most of the rest of the country is empty.

        Yeah right. Yorkshire and Humberside - part of the country you consider empty - contains just under 10% of the UK's population. Now compare that to Alberta, and you'll find that the population of Alberta is 20% less spread over an area ~120 times greater - indeed 2.5 times greater than the entire of the UK and half of that population lives in just two cities. If you want to see empty countryside come to Canada - our population density is about two orders of magnitude lower than what you consider "empty" ar

      • Besides the Manchester-Liverpool rust belt, most of the rest of the country is empty. .

        This just isn't true and can easily be verified by anyone looking at Google Earth. Outside of the cities and mountains, almost the entire island is covered in farms and ranches. There is almost no empty land that is not being used for agriculture. Just hop into google earth, zoom in to a mid-level and scroll around. Every large patch of "empty land" is nearly 100% covered with agriculture. The difference in "empty land" between the UK and Canada/USA is shocking. It's a small country with 10,000 years+ of ci

    • by serviscope_minor ( 664417 ) on Monday March 03, 2025 @01:27PM (#65207625) Journal

      That's because broadly speaking it's not the problem.

      We have too few houses for the population. Worse than most of Europe. But we also have a higher bedroom to population ratio than most of Europe. We're building plenty of stuff, more than enough, but it's more space for rich people, rather than affordable homes for everyone.

      Green belts aren't the problem. Overpopulation is not the problem. The problem is wealth concentration.

      Everything else is a distraction.

      • Not sure how it works in the UK, but in the Netherlands, with a similar crippling shortage of homes, all the experts urged to focus on building upmarket homes for the middle class, not affordable homes or social housing. The reason being that the upper middle class was having similar problems moving out of their cheaper home into something they would prefer. And when they do move, they vacate an affordable home. The person moving into that frees up a rental or perhaps a social home. So by building 1 dwe
      • It's worth also pointing out that one of the authors is a former executive director of the Adam Smith Institute and another works at the Centre for Policy Studies, both of which are conservative "think tanks" and might therefore be somewhat biased towards the form of "free market" that externalises the awkward costs of simple-minded policies for others to pick up.

    • UK is not even close to full. Not that they need more population, but less won't do them any favors.

      Less than 10% of the land in the UK is developed. IIRC, their housing problem is artificial: largely because of land use laws that prioritize a few flowerbeds over trillions of dollars of needed homes built close to cities. I'm all for nature and conservation, but UK cities are artificially boxed in because of a few cow pastures.
      • It's mostly because media and politicians who refuse to even acknowledge the concept of urban containment and it's universality, from the smallest village to the largest city ... if it isn't unincorporated, expansion is almost impossible.

        The boomers living on the edges in houses they bought half a century ago would scream if urban containment was eliminated, but that's easy enough to ignore. No one is made conscious of how land use restrictions and refusal to expand services are destroying their chances of

      • We've got green activists to thank for that. For some people a niche frogs are more important than houses for thousands. Kids these days...

    • No one wants to admit that turning housing into an investment causes this.
      Overregulation certainly didn't help. And an increase in population didn't either.

      • True, we are in something of a trap where we need to increase housing density but that would in turn drive down home prices and existing homeowners are not going to vote for people or support policies that will drive their "investments" down, especially for people who purchased homes during higher market peaks and a loss in value would put them upside down. They have a personal incentive to keep housing stock limited even though for the communities as a whole it's a degradation.

        My personal feeling is to ge

        • by gilgongo ( 57446 )

          This is an interesting paper on BTL house prices in particular:

          https://www.bankofengland.co.u... [bankofengland.co.uk]

          There's a pretty depressing diagram illustrating the relationship BTL has on the wider economy in "6: How do pressures on the BTL sector matter for financial stability?" that shows pretty much any attempt to use policy to lower prices will amplify economic downturns. We're hooked on housing, essentially.

    • Great Britain is nowhere near being out of space. It isn't overpopulation or lack technology causing this, its regulations WITHIN URBAN AREAS, same problem that has afflicted many US cities. Keep the green belts, but let developers knock down old things, let them build up, and they will, and housing prices will come down.
      • let them build up,

        Unless the build quality is better, tower blocks will be seen as squalid and inconvenient - because they are.

        And carrying a baby and the shopping up eleven flights of stairs because the lifts don't work from Friday to Monday is no fun - I speak from experience here.

      • by Bert64 ( 520050 )

        And further increase congestion in the cities...

        You already have roads which are gridlocked with cars at peak times, and everyone's solution is to cram those people onto trains instead... Only those trains are physically full already at peak times to the extent that you can't physically enter, and if you do manage to get onboard you're packed in so tight that you're physically touching the other passengers.

    • by Anne Thwacks ( 531696 ) on Monday March 03, 2025 @03:34PM (#65208027)
      A major cause of housing shortage is a benefit system that treats families as a unit, and a basic tax allowance well below the cost of housing.

      If a couple are both have low paid and unstable income, then if one loses a job, they get no benefits so long as they live together, and the one that is in a job probably does not earn enough to pay the cost of housing. As a result, it is better for couples to split up so the unemployed one can get benefits, In Victorian times, several generations of a family would live in a house and spread the risk. A single family member could earn enough to pay the cost of housing. That is not the case today.

      A consequence is that the big Victorian house is divided into multiple flats, but ends up housing fewer people, as more of the building is used for kitchens and bathrooms,

      People need to understand that the "benefit scroungers" are the shareholders of companies which pay so little that their employees are on benefits - and subsidised by the taxes on companies that pay decent wages - while the housing benefits go to the banks (for mortgages) or to the landlords (for tenants) - who can charge what they like, knowing that housing benefits will pay.

      And, of course, not having HS2 reduces the "risk" of work moving further north. Britain is a "Dimocracy" - "Government of the dim, by the dim, for the dim!"

    • But the United Kingdom is nowhere near overpopulated. The country is a whole has a population density of about 700 per square mile (can you tell I'm a yank?). Most decent sized American cities have about three and a half times that. Even ones you wouldn't consider overcrowded like Seattle.

      I'm not sure why you would say something that 20 seconds on Google could disprove. It's not that I necessarily disagree with you on the concept of unlimited growth and good old line go up. But you're trending into malt
  • by Tablizer ( 95088 ) on Monday March 03, 2025 @01:29PM (#65207629) Journal

    Prime Minister Margaret Thatcher, the Conservatives rolled back nationalization [socialism] in several areas, such as electricity and gas production. But their efforts to loosen housing policy from the grip of government control was a tremendous failure, especially once it was revealed that Thatcher's head of housing policy himself opposed new housing developments near his home.

    "I think housing policy is a major driver of a lot of anti-foreigner, white-supremacist, anti-Black, anti-Muslim attitudes among young people who are frustrated that so-called these people get free houses while they have to live in a bedsit or move somewhere an hour outside the city and commute in," Bowman said.

    US MAGAs are making similar mistakes. NIMBYism is the main cause of difficulty in building new housing*, but slimy politicians blame immigrants and "socialists". NIMBYism is simply local democracy in action: locals don't want crowding and get local gov't to invent ways to stop it.

    Brexit also hurt the UK economy: labor got more expensive as migration was shut down, and trade got more expensive as the EU membership trade discounts are gone.

    Trump's anti-migrant policies and trade-wars will do very similar.

    Naive voters fucked themselves. Morons are getting what they deserve, but unfortunately pull the rest of us with them.

    * Too bad we can't find a way to distribute population instead of try to stuff everybody and their dog into a few favorite cities. It's a Catch-22 in that the jobs are where the people are, and people go where the jobs are.

    • US MAGAs are making similar mistakes. NIMBYism is the main cause of difficulty in building new housing*, but slimy politicians blame immigrants and "socialists". NIMBYism is simply local democracy in action: locals don't want crowding and get local gov't to invent ways to stop it.

      The problem isn't building new housing.

      https://www.bbc.co.uk/news/uk-... [bbc.co.uk]

      We have a pretty good ratio of bedrooms to people. Problem is the rich people have all the rooms. Building more of the same is not going to help much at all. E

      • The tax system also helps deepen the divide between wealthy and poor, helping drive more housing into fewer hands. Policies that drive this are present in a number of countries and encourage speculation in the housing market. Houses are for living in, and should never achieve the status of a speculative investment vehicle like cryptocurrency is.
      • by BetterSense ( 1398915 ) on Monday March 03, 2025 @02:47PM (#65207929)
        This is correct. It's actually the tax system, or more precisely, a lack of tax on land and excessive tax on buildings which makes it more profitable to collect rent (because rent is lightly taxed) and less profitable to develop land (because development is taxed heavily).

        Such a tax system doesn't accommodate the fact that rent can advance without limit, whereas ability to build capital has fundamental limitations, so eventually the construction of capital (housing) will slow down but rent will just keep advancing until it becomes more profitable to collect rent than to collect profit on development. In the end leaving only the rent-collectors, who are rich, and the rent-payers, who are enslaved.

        The solution is Georgist politics to redistribute rents while encouraging capital formation. There have been waves of Georgism, including strong pushes by Winston Churchill who was an avowed Georgist, but it doesn't seem to have caught on in the 20th century and the results are absolutely as predicted by Georgism itself.

        https://www.cooperative-individualism.org/churchill-winston_mother-of-all-monopolies-1909.htm#:~:text=of%20all%20Monopolies-,Winston,Churchill&text=It%20is%20quite%20true%20that,all%20other%20forms%20of%20monopoly.

        It's nothing that hasn't happened before, even in the UK's own history...the subjugation of the Irish was essentially done by the same mechanism. The Irish had plenty of high-quality land, and a relatively low population, so they should have lived in abundance. But the land was owned by absentee landowners and the law gave them alone the ability to charge rent, so the Irish themselves could not benefit from the value of the land. Furthermore laws of the time gave all property improvements to the landowner, no matter who constructed them, making the Irish economy effectively hyper-anti-Georgist: Not only could the Irish not benefit from the rent of their land, they couldn't even accumulate capital besides, because it would be confiscated either indirectly (by raising their rent) or directly (by their improvements literally becoming property of the landowners).
  • reads like there is no practical limits on land expansion. Just keep on taking more, who cares about leaving room for nature. And makes it sound like energy efficiency as a bad thing! It's scary head-in-the-sand stuff.

  • I have no idea how accurate that show was... but if it was even remotely accurate.... oh boy...

    • by JBMcB ( 73720 )
      LOL you beat me to it. I've heard podcasters talk about that show and claim it's fairly accurate.
  • Self inflected scarcity: the real austerity suffered by the non-rich.

  • Clarkson's Farm (Score:2, Informative)

    by JBMcB ( 73720 )
    Watch Clarkson's farm for examples of the bureaucratic and opaque British permitting system in action. Getting permits for nearly anything is a torturous enterprise. Replacing an existing fence. Digging a hole. Filling the same hole back in.
  • by greytree ( 7124971 ) on Monday March 03, 2025 @01:39PM (#65207675)
    I wondered about the UK energy shortage as I had not heard of that before.

    I read "energy use per unit of GDP is the lowest in the G7"

    So the UK is the most energy-efficient economy in the G7 AND THAT'S A BAD THING ?!

    I gave up there.
    • by Anonymous Coward

      Only if you consider it a problem that millions of people have to choose between heat and food.

      But since you sound like a greenie, you probably think that's OK.

    • by AmiMoJo ( 196126 )

      There is no shortage. The lights stay on, we don't get brown-outs or rolling blackouts. Our grid is stable.

      The main issue is the cost, which is forced up by gas prices. Under our system producers bid to supply electricity a day in advance, based on projected demand. The grid buys from the cheapest sources first, which are often renewables that bid zero, and then works its way up to more expensive sources until the demand is met. Then every producer gets the amount bid by the most expensive source, which is

  • by Pinky's Brain ( 1158667 ) on Monday March 03, 2025 @01:44PM (#65207703)

    Urban containment has been a left/right double asskicking of the lower classes.

    Britain is nothing special, it's hitting Netherlands and Belgium even harder ... with a nice dose of "just die" NOx emission and surface water quality laws from the EU to make it worse. Electricity cost is worse too.

    • by Tablizer ( 95088 )

      As I read it, it blamed Thatcher for being a hypocrite: touting the removal of regulations in general, but leaving them in place for housing because the rich, her base, didn't want crowding. AKA: NIMBYism.

  • by Anonymous Coward

    Because Britain isn't running out of homes for native Brits. In fact, they're running out of native Brits. Most of their population growth is imported - the most popular baby boy name in the UK last year was Mohammed.

    So are they short on houses for the British, or are they short on homes to put immigrants in, and this is actually an overimmigration problem?

  • Green belts? (Score:5, Insightful)

    by toxonix ( 1793960 ) on Monday March 03, 2025 @01:55PM (#65207743)

    The housing problems have little to do with post-war "green belts". There are plenty of derelict industrial estates within London proper that could be rehabbed into housing. The problem is the real-estate and banking industry itself, just like it is in the US. We have no shortage of housing, we just don't have affordable housing.
    A house used to cost 2 years wages for the average worker (1970's) Now the lowest priced houses cost 10-20 times that amount, and the average worker's pay has not increased. It's not a shortage of housing, it's artificial scarcity. It's because people buying up affordable housing not to live there, but to flip for a profit in a year while the market gets hotter. The flippers, real-estate agents, private equity and people who look to suck as much profit out of everything are the problem. There should be rules about buying houses as investment vehicles, especially in middle-class areas. Let the investors buy up the multi-million dollar mansions and industrial properties and make a profit on them. Stay out of the middle-class housing market.
    https://www.derelictlondon.com... [derelictlondon.com]

    • I wouldn't mind seeing a 'you have to live in it to own it' rule. Imagine if apartment building owners had to live in one of the units... they might have themselves a nice penthouse, but they'd be plenty motivated to ensure the entire building was well kept. Corporations wouldn't be able to own multiple properties, because a corporation is incorporeal.

  • by DMJC ( 682799 ) on Monday March 03, 2025 @02:46PM (#65207925)
    I said what I said. The economy died in 2008 and it's never coming back. The wealthy are getting a lot wealthier and the poor are becoming destitute. We're heading to developing world conditions where a small minority owns most of everything and the working masses are living in squalor. Australia is going through the exact same thing. It just took a little longer to hit here because we had a budget surplus in 2008. But the government stepped into the market with free money and rammed up the cost of everything. Houses are now 10x wages and not coming down. Government is desperately using migration to keep asset prices high to prevent a financial panic. It's working for now, but the cost is young people have no future anymore and state governments are going broke from infrastructure spending. It's a sad state of affairs when everyone under 30 wants to see the economy burn so they can have a shot at home ownership. We've sold out our future. Assets aren't taxed, income is. Working is pointless because the wages no longer cover the cost of shelter, and asset owners get richer and richer while not contributing to economic growth or productivity. We've taken a civilisation where over 70% of people owned their own house and made it projected to be less than 50% for Gen Z. Our entire retirement system is structured on the idea that 70% of people will own their own home. It's a slow moving economic disaster.
  • I'm looking at what seem to me like a single article self published blog. Why should I take this seriously?

    • He's reviewing a new report.
      So the report authors asked him to write a review of it and then they hyped the review to get people to look at their shitty report.

      And it worked, because we read it.

      Wankers.
  • From the great minds who broughhttps://news.slashdot.org/story/25/03/03/182255/how-the-british-broke-their-own-economy#t us "It’s Weird That Eggs Were Ever Cheap" and "Inflation Is Your Fault"

  • Why are they blaming it on regulation instead of a stagnant economy that was is the predictable result of wealth inequality?
  • When governments don't spend on things that need to get done, the economy as a whole falls behind. Starting with Thatcher, the government retreated from its basic responsibilities and simultaneously gave a pass to the private sector, who elected to pocket profits instead of investing in infrastructure. Nowhere is this better manifested than in average broadband speeds: UK is 42nd in fixed broadband and 55th in mobile broadband, https://www.speedtest.net/glob... [speedtest.net]

    It's truly embarrassing.

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