Stuart Trow

Completed houses on a housing development in Harlow, UK, on Thursday, March 13, 2025. Interest-rate cuts, wage growth and stagnant home prices have begun to marginally improve affordability, boosting confidence that housing output will start to recover from the plunge offset by the end of the cheap-money era. Photographer: Chris Ratcliffe/Bloomberg

All the wrong moves for British homeowners

The law of unintended regulatory, fiscal and monetary consequences has stopped investment in its tracks