Abstract
This paper reviews developments in British housing policy in the last 17 years, arguing that policies which were put in place in the early 1980s have unravelled in the mid‐1990s. The analysis concentrates on three main themes in contemporary British housing policy: the promotion of individual home ownership, the deregulation of private renting and the shift from ‘bricks and mortar’ subsidy to means tested forms of assistance with housing costs. The conclusion points to the tensions between housing policy and social security policy, and the difficulties for both home ownership and rented housing strategies arising from profound changes in the labour market.