North / south divide – is the Treasury’s 80/20 rule really that unfair?
On 2 October 2020, the Financial Times reported on what is called the ’80:20 rule’. This is the Treasury’s rule which aims for the lion’s share of monies intended to boost house building to go to those areas with the ‘greatest affordability challenge’. In other words, 80% of the available pot goes to boosting development in those areas of the country where property is the most unaffordable. In a nutshell, these areas as those where the ratio of median house price to median income is highest.
The full article is available, here.