Britain’s housing shortage disenfranchises the young. We should use the tax system to encourage people to free up larger homes

Britain suffers from a chronic shortage of housing, which has dramatically increased land values. This has disenfranchised the younger generation, many of whom can no longer realistically expect ever to own their own home. The Intergenerational Foundation's David Kingman argues that one solution is to use the tax system to encourage more members of the older generation to downsize into smaller properties, bringing more traditional 'family homes' onto the market, lowering the price through increased supply.