🚨New @TheIFS research takes a 25-year view of housing supply in England:

🏡Just how bad is England at building new homes where they are needed?

🏡What holds back the response of housing supply in some areas?

Let's take a look... 1/ You may be surprised to know that total housing units grew slightly faster than the number of adults in England from 1996 to 2021 (21% vs 20%).

But there were VERY different patterns across regions. In London, 16+ population growth outpaced housing growth: 29% vs 23%. 2/

Who can build up wealth and who can pass it on? 🏡💰

To understand this potential election battleground, settle down with a turkey sandwich and dig into this mouth-watering selection of @TheIFS reports and videos. 🧵 1/6

https://twitter.com/guardiannews/status/1739972158091370956

For starters, @beeboileau and I look at help for homeownership.

Policies that reduce the deposit needed to get onto the housing ladder would help a greater proportion of renters in the North vs South of England and in their 30s rather than 20s.



2/6 ifs.org.uk/publications/h…

NEW @TheIFS research: @beeboileau and I have taken a deep dive into the bank of mum and dad and home purchase💰🏡

📉Homeownership rates fell sharply over 20+ years but they fell faster for those with less wealthy parents. 1/ Help from parents is of course a huge factor here. About half of first time buyers receive help for home purchase with an average sum of £25,000 received. 2/

What would be effects of a cut to inheritance tax?

📊New @TheIFS analysis with @arunadvaniecon

Halving the rate from 40% to 20% would offset the fiscal gains from cuts to benefits expected next week. 1/

ifs.org.uk/articles/halvi… Cuts would come at a growing fiscal cost, doubling in real terms by 2032-33. 2/