That is the verdict of leading housing bodies, which have attacked the Government for failing to fix Britain’s broken housing market.
The Chartered Institute of Housing, Shelter and the National Housing Federation slammed the government’s record on housing supply, planning and homeownership in its latest joint report on the state of the housing market.
It says that halfway through the parliamentary term the government has made ‘no progress’.
Despite a stream of initiatives aimed at getting the housing market moving, house building remains at historic lows, states the report.
The three organisations said that the government must now switch its focus from policy-making to delivery to ensure that more new, affordable homes are built.
Their call has been echoed by the Get Britain Building Campaign, which wants to see the Government commit to building an extra 25,000 public rented homes.
Spokesman Mike Leonard said: “Mervyn King, in his latest of a series of economic re-forecasts, confirms years of no growth.
“This resignation to the continued decline of economy is totally unacceptable and will cause massive systemic damage to UK PLC which we must not allow to go unchallenged.
He added: “Our "Jobs and Growth" proposal sets out the business case to Get Britain Building.
“We need Government investment now to build 25,000 additional public rented homes, cut VAT to 5% for 12 months and agree with the banks to return to a sensible lending strategy for business and mortgages
“The Autumn Statement now due in December is the last chance saloon for Mr Osborne. Failure to take decisive action will see more building material manufacturing close, more skilled jobs go, a lost generation of young people and a further worsening of our acute housing crisis.”
