Friday, 7 July 2017

How To Solve The UK's Housing Crisis

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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