Britain’s biggest property companies have condemned a new
government policy allowing them to avoid potentially hundreds of millions of
pounds in affordable housing contributions because they fear it risks wrecking
the social mix of London. British Land,
Land Securities, the Crown Estate and Grosvenor Estates were among the firms
who stood to benefit most from Conservative ministers’ recent exemption on
developers of empty buildings paying for the construction of further affordable
housing. Now, a lobby group representing the firms have written to housing
minister, Brandon Lewis, urging him to scrap the policy as it stands. The
Westminster Property Association, which includes several Tory donors, said it
was “deeply flawed”. Read more on the Guardian website.
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