Economics Director at the CPA, PhD in Applied Econometrics and Honorary Professor at the Bartlett School of Sustainable Construction, UCL
Matthew Pennycook is now the new Housing Minister, the 10th Housing Minister in the last 5 years (Upper Chart), averaging just 8 months each (after the chaotic debacle of 2022 when we had 5 Housing Ministers in just one year). Matthew Pennycook replaces Lee Rowley, who was appointed in November 2023 (and who, incidentally, was also Housing Minister for 48 days in October 2022). Matthew Pennycook is also the 15th Housing Minister in the last 10 years, averaging less than a year (9 months each) even in the medium-term (Lower Chart). Hopefully, Matthew Pennycook will stay in place for a few years as Housing Minister and put an end to the harmful, constant churn in Housing Ministers, given how important housing is and the need to address issues such as building substantially more homes (see link in comments), building safety and leasehold and freehold reform. This constant churn of housing ministers in recent years has led to poor policy development and delivery due to the complexity of housing, the number of critical issues involved in housing and the amount of time needed to fully understand housing for a minister coming new to it, which many previous housing ministers were. Matthew Pennycook was Shadow Housing Minister, so he isn’t new to the area and has, so far, shown a good understanding of many key housing issues, although, clearly, going forward, delivery will be vital. The constant churn in housing ministers also meant that the previous government focused more on public relations announcements rather than on focusing on medium-term housing policy development and addressing key issues that have persistently constrained housing. In addition, the constant churn of housing ministers led to endless councils, taskforces, hubs, groups and workstreams as well as a constant stream of reports, reviews and plans, changes in policy and little real improvement. The constant churn in housing ministers also illustrates how little the previous government and MPs with aspirations valued the Housing Minister position, as they saw it just as a stepping stone to a position that they considered was more important. Given how critical it is, plus the benefits that it provides to the UK economy and to productivity growth, housing deserves much better. After the political chaos of the last couple of years, a stable government and some stability plus a Housing Minister who is there for a long time, understands the industry and works with the housing supply chain would already be a major improvement. #ukhousing #housing #ukhousingmarket #housingmarket #ukrealestate #realestate #ukconstruction #ukbuilders #construction #builders #constructionuk #buildersuk #building #ukbuilding #buildinguk #constructionindustry #contractors #supplychain #constructionworkers #constructionworker #constructionwork #buildingmaterials #constructionmaterial #constructionmaterials #contractors #housebuilding #buildingcontractors #labour #politics #ministers #government #generalelection
While we're at it... Might be helpful to have a Secretary of State at DLUHC who doesn't try to bludgeon and threaten the construction industry into paying for government failures, or retrospectively re-write the laws of contract. Well, a boy can dream.
Pennycook should not be on the graph or be shown with the average expected lifespan in a different bar format, you would think he has run away already with zero on the chart !!! :-)
The first thing Pennycook could and should do is admit the legacy of combustible Class 0 cladding in the existing building stock, because that represents a huge amount of remedial work to be done. https://www.linkedin.com/posts/ableyian_there-are-60-days-before-martin-moore-bick-activity-7215470651925504000-_5jW
Stability, consistency, certainty… if only. To be fair, this time we do desperately need “change.” Let’s give Matthew Pennycook our full support and see how his brief sits alongside Angela Rayner who has been officially appointed as secretary of state for levelling up, housing and communities. And Ed Milliband with “net zero.” The answer here, must be more sustainable, more inclusive development. “Growth” is only sustainable if it is ‘green.’
Thanks Noble, the post I'd been waiting for since the cabinet announcement 😀 I may be a bit too glass-half-full, but the below is what I'm clinging to: "The constant churn in housing ministers also illustrates how little the previous government and MPs with aspirations valued the Housing Minister position, as they saw it just as a stepping stone to a position that they considered was more important." That this role reports into the Deputy PM, plus the Chancellor's announcements today on planning and housebuilding target, gives me some hope that the sector is going to be a more central focus than has been the case in recent years. Fingers crossed...
Must be time to rework my favourite political joke. ‘If you can name the current housing minister, you probably are the current housing minister’. That aside I very genuinely wish the new Minister well and the tone of comments to the post clarifies that the property industry really wants to help solve the Housing crisis fairly and properly
Seen as a stepping stone and never treated with the importance it deserves
Lets hope we can have stability for the Ministers involved in our industry and allow them to drive improvements forward.... rather than the revolving door we have had. This will allow growth and the industry to have constructive relationships with Government.
Builders Merchant Building Index (BMBI) Plumbing & Heating Merchant Index (PHMI) MRA Research (UK) Callum Budd thanks for keeping the spotlight on the damaging churn Noble Francis
Economics Director at the CPA, PhD in Applied Econometrics and Honorary Professor at the Bartlett School of Sustainable Construction, UCL
1wLink to my post today on the new government's housing target: https://www.linkedin.com/posts/fnoblefrancis_ukhousing-housing-ukhousingmarket-activity-7215973245366210560-TXn-/