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The Legacy of ThatcherismAssessing and Exploring Thatcherite Social and Economic Policies$
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Stephen Farrall and Colin Hay

Print publication date: 2014

Print ISBN-13: 9780197265703

Published to British Academy Scholarship Online: January 2015

DOI: 10.5871/bacad/9780197265703.001.0001

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The Housing Legacy of Thatcherism

The Housing Legacy of Thatcherism

(p.143) 5 The Housing Legacy of Thatcherism
The Legacy of Thatcherism

Alan Murie

British Academy

Housing policy was a key part of the Thatcherite project of privatization and rolling back the state. Alongside important continuities in housing policy distinctive actions were taken to dismantle council housing, deregulate and demutualize housing finance and deregulate the private rented sector. These actions changed housing rights, ownership and control of housing, the nature of housing transactions and tenures and patterns of financing and debt. While home ownership and private wealth, the enduring legacy has been greater dependency on the state through housing benefit, a decline in local and mutual agencies, greater housing insecurity and inequality and volatility in housing investment. Housing associations’ response enabled their significant growth and made their regulation increasingly important. In the longer term investment in private renting, continuing housing shortage, rising housing costs and problems in housing finance have affected access to housing and national as well as household budgets.

Keywords:   Housing, housing tenure, privatization, regulation, deregulation

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