It is easy to think about the housing crisis as if it were a single and relatively crude problem of just too few homes. In many ways this is readily understandable and easy to communicate, to paraphrase Bob Geldof, ‘just build the #!?$@*% homes!’ And at one level, this is true. However, the reality is much more complex and messier, making it easy for policy makers to focus on one dimension and offer a single solution.
The chancellor’s announcement on business rate devolution at the Conservative Party Conference took many by surprise and has received considerable attention in the press over the last few weeks.