How does London's housing crisis affect the UK economy?

London's housing crisis is not just a social issue but an economic imperative, as its impact extends beyond the capital to the UK economy. The lack of affordability and availability of housing in London has led to a stagnant economy since the 2008 financial crisis. Solutions proposed include increasing housebuilding to boost productivity and average pay. The government and Mayor of London are taking steps to address the crisis, emphasizing the need for more homes and first-time buyer support to drive growth and restore homeownership dreams.