The government should let councils buy land, grant it
planning permission and then sell it off to help solve the UK's housing crisis,
according to a report by think tank Adam Smith Institute (ASI). The president
of the think tank and the report’s author Madsen Pirie said that devolving
power to local councils could help yield £30bn to pay for public services. One
of the estimates the study cited showed that an acre of land was worth £2,500
without planning permission and £4m with it. "By granting permission to
land they own, councils can capture the monetary benefits for themselves and
their residents," the ASI said. Read more on the City AM website.
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