Sam Bowman’s comments on JRF’s housing report feature in the Mail Online

Research Director Sam Bowman’s comments on the Joseph Rowntree Foundation’s new report – which projects real private sector rents to rise by 90% between 2006 and 2040 - were featured in the Mail Online:

Researchers created ‘housing pathways’, combining information about the types of tenure individuals were in throughout the period with events in their lives over the same time, such as changes in household composition, earnings, and retirement.

The research examined how these pathways related to poverty and ‘housing deprivation’.

Sam Bowman, research director of the Adam Smith Institute, said the report gave a ‘worrying prognosis’ of the future for Britain’s renters, adding: ‘It should be a wake-up call to anyone interested in fighting poverty in Britain.

‘But the report’s solutions, which focus on the construction of new social housing, are to some extent just a sticking-plaster.

Read the full article here.

ASI Senior Fellow argues against clawing back bankers’ pay in the CityAM Forum

Senior Fellow of the Adam Smith Institute, Tim Worstall, argues that Mark Carney’s plan to clawback bankers’ pay is “logically ridiculous” in the CityAM Forum: 

The suggestion that fixed pay could be clawed back is logically ridiculous. Pay that is subject to clawbacks is no longer fixed pay: it is variable pay – pay dependent upon the future performance of the organisation.

We’ve already got EU rules where variable pay may not be more than 100 per cent of fixed pay. If what was formerly fixed pay is now variable pay, then under EU rules, we cannot pay bankers anything – because there is no fixed pay for which variable pay can be a multiple. Not paying bankers at all will please the rabble, but it’s an odd thing for the governor of the Bank of England to suggest.

Read the article here.

Sam Bowman’s comments on JRF’s housing report are featured by the Press Association

Research Director Sam Bowman’s comments on the Joseph Rowntree Foundation’s new report – which projects real private sector rents to rise by 90% between 2006 and 2040 - were picked up by the Press Association and featured in over 50 publications.

Sam Bowman, research director of the Adam Smith Institute, said the report gave a “worrying prognosis” of the future for Britain’s renters, adding: “It should be a wake-up call to anyone interested in fighting poverty in Britain.

“But the report’s solutions, which focus on the construction of new social housing, are to some extent just a sticking-plaster.

“Building more social housing will do nothing for first-time buyers or private renters and will simply shift the rising cost of housing from some tenants to taxpayers in general.

“This is not sustainable: we need to make all housing cheaper by making it easier for the private sector to build new homes.”

Sam Bowman’s comments on JRF’s housing report feature in the Yorkshire Post

Research Director Sam Bowman’s comments on the Joseph Rowntree Foundation’s new report – which projects real private sector rents to rise by 90% between 2006 and 2040 – were featured in the Yorkshire Post:

Sam Bowman, research director of the Adam Smith Institute, said the report gave a worrying prognosis of the future for Britain’s renters, adding: “It should be a wake-up call to anyone interested in fighting poverty in Britain.

“We need to make all housing cheaper by making it easier for the private sector to build new homes.”

Read the full article here.