Decent homes for all!
All the capitalist pundits, from the Financial Times to the Council of Mortgage Lenders, now agree that Britain is facing a housing crisis. Mortgage approvals in December 2008 fell to less than a fifth of what they were 18 months ago. House repossessions almost doubled in the three months to September last year, according to the Financial Services Authority — a total of 13,161 homes repossessed in the third quarter of last year. The crisis in private sector-owner-ocuppied housing will be all the more severe because it comes on the top of the 20 years of sustandard housing and shortages which...