Originally Posted by
Earthling
The money gained from sale of council stock was grabbed, don't know any other way of saying it, by central government and put into a huge 'contingency' fund. Don't know what 'contingency' they were thinking of but, if I remember rightly, it reached a high of £7 billion. Far from being made to build more, councils weren't allowed to build more, except under extenuating circumstances. I seem to recall the rise and rise of Housing Associations at the same time.
You're right, the housing shortage in this country is deplorable, shocking and shameful. Especially as it's used primarily to keep house prices artificially at their current level.
Now, back to the railways.