Nigel Farage and the frustrated British people living in the UK should blame their past governments for the rise in accommodation prices because they failed to permit new residential developments at an optimal 400 dwellings per hectare, instead of the current 170 dwellings per hectare, and not the EU! The EU can’t be held accountable for this collective financial aggravation, because Brussels is not responsible for our urban planning and developments.
Britain’s momentous decision to leave the European Union astonished many, immersing millions of people into bitter disappointment.
Congratulations to Mr Nigel Farage, for leading a successful Brexit campaign, by convincing most of the English and Welsh to leave the EU.
However, before long his party will soon have to change its name from the United Kingdom Independence Party to the English Independence Party, because besides threatening the future of the European Union, Brexit also threatens the future existence of seceding union, forcing Scotland and Northern Ireland to leave the United Kingdom.
Considering, that only England and Wales voted to exit the EU, Northern Ireland and Scotland will subsequently leave the United Kingdom to rejoin the EU.
Scotland will soon exit Great Britain, not because they hate the English, but because they wish to continue to sell their Scotch in Europe without the high EU import taxes.
The EU might not have accomplished much for Great Britain, but at least it managed to remove the border controls between the Irish, which in turn eased the civil unrest in this part of the UK.
To preserve unity within the EU, Brussels will have to set an explicit example and to bestow upon other member states what will happen to them if they decide to turn their backs on Brussels, it will most likely, set Great Britain as an example.
Brexit illustrates that it is the tabloid newspapers that determine our future, not the politicians the sentiment of frustration felt by the English voters, which the Mainstream Media exploited successfully.
No one has the right to blame English voters for being frustrated due increasing living costs, but also no one can accuse the EU, because our previous governments failed to comprehend what national economic prosperity is.
Economic prosperity is not only about creating new jobs but the ability of the British public to spend more too.
Since, the year 1999, our past governments held the key to our economic prosperity, a white paper, Towards an Urban Renaissance, whereby the Urban Task Force, chaired by Lord Richard Rodgers and set up by the Labour government, outlined vital recommendations for spatial planning authorities in the United Kingdom, but chose to ignore it.
One of the paper’s critical recommendations was to follow Barcelona’s example by increasing the dwelling density of existing 100 dwellings per hectare to 400 dwellings per hectare.
Sadly, this advice was never enacted by the subsequent Tory party, resulting in an enormous increase in house prices.
Consequently, the increased monthly payments for mortgage or rent, made the English became poorer, directly impacting on their well-being.
Previous British governments were content that over the last twenty-five years, they managed to keep the inflation down with only an average 2.5% annual increase.
However, this was not the case in England whereby over the last twenty years, the accommodation cost increased by almost 400%.
Hence, over the past two decades, compared to other entities, the living cost in England, the real inflation rate, grew by 404 % or 7.4% per year.
Twenty years ago, you could have bought a house for £80,000, and now the same house now costs £320,000.
Twenty years ago, you could have rented a house for £800 a month, and now the same house is now available to rent for £3,200 a month.
The only ones to benefit from increasing house prices are the mortgage lenders because the end up receiving higher interest repayments, and this is why the efforts by the Bank of England to cut down interest rates didn’t manage to achieve much.
Whereas annual interest rates decreased by 1%, the housing prices in England increased by 20%, with average salaries increased by only 2%.
Nigel Farage and the frustrated British people living in the UK should blame their past governments for the rise in accommodation prices because they failed to permit new residential developments at an optimal 400 dwellings per hectare, instead of the current 170 dwellings per hectare, and not the EU!
The EU can’t be held accountable for this collective financial aggravation, because Brussels is not responsible for our urban planning and developments.
Compared to British residents in Northern Ireland and Scotland, their accommodation costs soared at levels, no longer attainable to them.
Could you imagine London hosting the Olympic Games in 2012, without securing sufficient accommodation for athletes and journalists?
This is precisely what our previous governments have done concerning the EU citizens settling in the UK because they failed to develop additional housing, resulting in a price hike of our accommodation, which impoverished the English, who in turn blamed the incoming migrants.
Because of the inconsiderate spatial planning policies, nowadays an average earning Englishman has to pay out at least 60% of their monthly income either towards their mortgage or their rent.
If No 10 Downing Street aims economic prosperity, they should urgently deliver high-density residential developments, because England’s residents deserve to live in dignity, free from financial coercion imposed upon us by the concurrent ridiculously high cost of our accommodation.
And, if the Tory government is keen to provide better living standards in the UK, rather than leaving the EU, they ought to increase tax revenues by ending the tax avoiding practices of the super wealthy elite.
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