Redrow boss: 'tidal wave' of buyers shows no lost decade in housing sector | Business | The Guardian
The boss of housebuilder Redrow, Steve Morgan, has strongly dismissed suggestions that the UK housing market faces a "lost decade" as the company posted an 80% jump in half-year profits.
Morgan, who also owns Premier League football club Wolverhampton Wanderers, was responding to the negative stance taken by Collins Stewart on Wednesday.
The City brokerage had said that "UK housing could be stuck in a 'lost decade,' with tight lending putting pressure on prices and record low volumes", adding: "We believe government support for builders could backfire and – controversially – challenge the 'housing shortage' mantra."
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