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Mr Prescott worries about reducing the stock of social housing.
Old houses that were subdivided into flats decades ago are now being undivided again, further reducing the stock of homes.
Securities purchases by the Federal Reserve put downward pressure directly on longer-term interest rates by reducing the stock of longer-term securities held by private investors".
Given that, when the time comes to tighten, which isn't now, it would be seriously worth considering reducing the stock of assets bought in QE rather than raising rates as the first move.
Meanwhile, the Housing Bill debated in the Commons last week will, if it passes, punish those who cannot afford to buy their own homes, by reducing the stock of available council properties.
Rather than boosting affordable rented housing – the tenure of necessity for the majority seeking a home – the government seems bent on reducing the stock of social housing by cajoling housing associations to sell rented properties and forcing councils to offload high-value ones.
Similar(51)
That would reduce the stock of Greek debt by around 20 percentage points of gross domestic product.
Although this has begun to reduce the stock of unsold new homes, the frailty of demand means that supply still vastly outweighs sales.
Local banks increase the number of Hong Kong dollars only when they receive additional U.S. dollars, and they reduce the stock of Hong Kong dollars when U.S. dollar holdings decline.
The forced sale of higher value council houses, unless they can be replaced like-for-like, will reduce the stock of much needed family housing in areas of greatest demand.
To reduce the stock of the public debt to below 80% of GDP and not pay a penny more in income or property tax, let alone higher taxes on pollution, sugar, petrol or alcohol, is now our collective national purpose.
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