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Britain's housing market is "broken", the Bank of England's chief economist Andy Haldane said on Thursday, in an unusually forthright criticism of the lack of new homes being built. Haldane said Britain needed to build around 200,000 new homes a year, and that its failure to build much more than half that -- largely due to a lack of new public housing -- had caused prices to rocket. "The UK housing market is broken," he said at a meeting hosted by Britain's Trades Union Congress. " There is a chronic and accumulated imbalance between demand and supply, and it is that which is sending skyward - and has sent skyward - house prices." Asked separately whether the BoE should print money to fund government infrastructure projects, Haldane said there was a good case for more infrastructure investment but that the government could borrow very cheaply from financial markets .  (Reporting by David Milliken; editing by Ralph Boulton Rueters) In his...

John Healy shadow housing secretary & Sadiq Khan Labour london Mayor Candidate 2016  By  John Healy When the Commons debates the government’s new housing and planning bill tomorrow, people will start to see that the Tories’ housing plans are driven by the politics of the Conservative party, not by the housing needs of the country. Ministers talk about building more houses and helping people become homeowners. But this hides the truth that their housing record is five years of failure on every front. Home ownership has fallen every year since 2010 and is now at the lowest rate in a generation. The Conservatives have overseen the lowest number of homes built under any government since the 1920s and the lowest number of genuinely affordable homes for two decades. Homelessness is rising; private rents have soared. John Healy MP Shadow Housing Minster : speaking on housing at recent Labour Party conference  So in a political panic about falling...