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How the U.K. broke its own economy
With the best intentions, the United Kingdom engineered a housing and energy shortage.
They argue that the source of the country’s woes as well as “the most important economic fact about modern Britain [is] that it is difficult to build almost anything, anywhere.” The nation is gripped by laws and customs that make essentials unacceptably scarce and drive up the cost of construction across the board. Leeds is now the largest city in Europe without a metro system.” Despite Thatcher’s embrace of North Sea gas, and more recent attempts to loosen fracking regulations, Britain’s energy markets are still an omnishambles. Comprehensive reform is necessary to unlock private investment in housing and energy—including overhauling the TCPA, reducing incentives for anti-growth lawsuits, and directly encouraging nuclear and gas production to build a bridge to a low-carbon-energy economy.
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