Phil Shanks
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Phil began his career as a social worker and team manager working with a number of different disability service teams around the North West of England.

In 1995 he launched Partners Foundation; a not-for-profit company with an average turnover of £4 million per annum and a privately invested portfolio of £35 million.

In 2002 Phil launched Houses for Homes, to supply social and extra care housing stock and accommodation to people across the country through registered housing providers.

Entries by Phil Shanks

What Kind of Growth Do You Want?

(0) Comments | Posted August 21, 2014 | 10:12 AM

The only problem with leaving an economics degree in your final year is that you worry about what you may have missed; some missing piece of information that would explain the inexplicable things going on in our economy and make sense of them.

Other eminent economists [most of whom completed...

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Bring Back Right to Buy and Stimulate House Building

(1) Comments | Posted June 25, 2014 | 10:29 AM

Today, UK housing and homeless charity Shelter published a report about the shocking lack of affordable homes in London.

The charity said that just '86' London homes for sale could be classed as 'affordable'.

This is a timely report in my view, particularly as despite decades of opposing...

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UK Social Housing: How to Get Large Investors Interested

(0) Comments | Posted April 5, 2014 | 6:56 AM

I am a long time serial investor in housing. I have done so corporately and personally for almost 20 years, through the last recession and am still going strong. I have a range of business interests but my investment into housing is the largest single asset class that I hold.

...
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My Budget to Stimulate Housing Supply

(0) Comments | Posted March 24, 2014 | 10:51 AM

Last Monday, the Chancellor George Osborne announced a small number of plans to help stimulate housing supply in the UK. In my view, he fell significantly wide of the mark, so here I go with my own red box.

Rented housing

Rents are predicted to rise in excess of inflation...

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Proud to Be a Landlord

(0) Comments | Posted February 28, 2014 | 5:31 AM

I am proud to be a landlord. I consider it a privilege to touch and improve peoples' lives by helping them into good quality accommodation.

But today I don't feel so proud. Earlier this week, my attention was drawn to a Channel 4 News report on private landlords.

...
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Government Must Cap Rents for Social Housing to Help Boost Supply

(2) Comments | Posted January 16, 2014 | 2:57 AM

Over the Christmas period Houses for Homes has been working on its business plan which focuses on the supply of a considerable number of homes for social rent around the UK.

As part of the work we have been looking at the predictions of organisations...

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Economic Recovery That Suits Some and Ignores the Rest

(0) Comments | Posted November 18, 2013 | 8:50 AM

There is little doubt in my mind that the stronger economic news shows the economy is on the move but its current trajectory is to a recovery that suits some and ignores the rest.

Prior to the 2010 General Election, while Britain was deep in the banking crisis and the...

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The Penny Drops: It Is Back to Business as Usual

(0) Comments | Posted September 23, 2013 | 2:35 PM

If you have ever been conned you will recognise the natural inclination of trying to convince yourself that you haven't - desperate to believe that you are not that gullible. For some time I have resisting the view that we have been 'done up like a kipper' when it comes...

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You Cannot Change the Basic Laws of Supply and Demand

(0) Comments | Posted July 31, 2013 | 3:49 PM

As the government rolls out the next stage of its help to buy scheme, it has pooh-poohed the contention that there will be a housing bubble - claiming that it would somehow suspend the laws of supply and demand by exercising care in selecting appropriate candidates. So while...

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The True Cost of Being a Landlord

(0) Comments | Posted June 12, 2013 | 7:32 AM

The word 'let' means 'easy' in Danish but anyone who has dabbled in the private property rental market will testify that it can be anything but that. And now, the ability to tell social housing tenants from those who fund their rents entirely by themselves has become impossible.

In...

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Clock is Ticking While Government Denies Crisis

(0) Comments | Posted May 7, 2013 | 3:56 PM

We must all by now have become accustomed to grand announcements from the government about the importance of house building and the economic benefits that flow from this activity. Indeed, new loan assurances have now been issued to improve access to the housing market in a bid to ensure access...

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Rating Game: Local Authority Borrowing Powers

(0) Comments | Posted March 12, 2013 | 12:13 PM

In the post grant world of housing development that will commence next year, local authorities are being encouraged to use their access to cheap money on the back of the central government rating.

This is ok but there are certain dangers.

When small regional banks in Spain borrowed independently on...

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Redefining the Role of the Welfare State

(0) Comments | Posted February 21, 2013 | 10:32 AM

I am a child of the welfare state. It has been with me all of my life and I consider it is one of our society's greatest achievements. But my admiration ended when it became clear that it now stands as a guarantor to the exploitation of the working classes....

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The Dark Con of Clegg: The Harsh Reality of the Bedroom Tax

(2) Comments | Posted February 13, 2013 | 11:02 AM

Under the veil of alleviating hardship, our government is preparing to implement a tax that will hit the weakest in our society. Disabled people who need a bedroom for their carer will soon face a massive cut to their housing benefit. The con is that there is help at hand....

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Builders of Britain: Time for Some Good News

(0) Comments | Posted January 15, 2013 | 5:39 PM

It's January: traditionally the time for festive hangovers, bleak weather and - this time around - bleak economic forecasts. So what is the good news? I'll tell you...

It is no secret that banks have ceased lending. As a consequence construction sites lie empty while builder kick their heels waiting...

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Cap in Hand or Cap in Rents

(0) Comments | Posted December 17, 2012 | 9:48 AM

Since our government is so keen on capping things, I propose a cap that is fair, sustainable and one which could solve Britain's housing crisis.

Despite knowing some of what was to come, I listened with horror and disbelief as the Chancellor presented his Autumn statement to the nation. For...

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Dear Mr Prisk - You Are 'Reigniting the Right to Buy' What, Exactly?

(0) Comments | Posted December 3, 2012 | 6:50 AM

Today's news that the Conservative Party is seeking to resurrect Right to Buy (R2B) illustrates that party's inability to see beyond the type of myopic asset-stripping we've become used to.

With the likelihood of private investment in house building under the Conservatives' watch resembling anything...

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When the Bough Breaks...

(0) Comments | Posted November 20, 2012 | 9:08 AM

Some time ago I wrote a blog under the headline: "The baby on the parish steps". At the time of writing I knew that I would shortly be penning this piece.

In that article I highlighted my concerns that future funding for supported accommodation would be separated...

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Calculating the Social Premium

(0) Comments | Posted October 15, 2012 | 2:17 PM

Having spent the past few weeks presenting our financial model to the investment community, with yet more meetings to come, I have become well versed in explaining not only that the investment is well constructed and the risks properly managed, but that the return is commiserate with the size of...

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A Building Without an Occupant is Just a House, Not a Home

(0) Comments | Posted October 8, 2012 | 8:26 AM

Last week, my co-director Juliette Tarrant reminded me that it has been a year since we embarked on our mission to deliver the first social housing real estate investment trust (REIT) to provide new affordable social housing, extra care and supported accommodation.

It has been a...

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