Reaction: Election result has made everything even more uncertain
Benson Hersch (pictured) is chief executive of the Association of Short Term Lenders
As usual, markets hate uncertainty and the result appears to have made everything even more uncertain. This will not help the property nor the economy as a whole. It is likely that this will throw into doubt the government’s plans to implement the long-awaited housing white paper which disappeared from the scene since it was published back in February.
Stormy days are ahead but it is clear from each of the main political parties’ manifestos that affordable housing is a key priority going forward. The country desperately needs new homes. Therefore, regardless of how the government is formed, affordable housing must not take a back seat. The government must have a clear and realistic strategy to tackle the housing crisis while working with the sector to get Britain building.