This text offers the first systematic and comprehensive overview of the economic geography of the UK for two decades. With contributions by many of the leading academics in the field, it offers a powerful case for exploring the UK economy from a geographical perspective.
- Investigates a single aspect of the UK economy within each chapter
- Covers topics including: the uneven development of the UK, the city and finance, government spending, pensions, housing, manufacturing, business services, agriculture, retailing, energy, immigration, and labor market change
- Demonstrates how the UK economy's fortunes are increasingly shaped by its links to the wider European and global economies
Written for students studying the economic development of the UK, the text offers a vibrant, easy-to-understand analysis of the current and future challenges that face the contemporary UK economy.
Chapter 8: Housing and the UK Economy
Housing and the UK Economy
- To show the role housing and housing finance and wealth play in the economy
- To show the extent to which the UK housing market is a cyclical one and the scale of the current housing market crisis
- To highlight the links between housing wealth, debt and government monetary policy
Traditionally, textbooks on economic geography would rarely have contained a chapter on housing. Historically, economic geography was concerned with the geographical structure of production and production costs, markets and distribution, manufacturing plant size, finance and business services, the service sector, transport costs, the structure of the labour force and costs and so on. While construction was recognised as a component of economic geography, it was and is a relatively small ...