Britain should limit the windfall gains of landowners by
freezing the value of plots newly designated for housing, according to a
thinktank urging sweeping reforms to tackle a national shortage of affordable
homes. Calling on the government to pursue land market reforms similar to the
German model, the Institute for Public Policy Research said planning
authorities should be given new powers to zone land for development and freeze
its price. It said speculation by landowners awaiting planning decisions that
can trigger vast increases in the value of a plot, had the effect of
exacerbating wealth inequality and was a “driving force behind the broken
housing market” in Britain. Read more on the Guardian website.
Sunak claims defence spending plan won’t affect government’s ability to cut
taxes – as it happened
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