Thursday, February 25, 2010
Shapps challenges housebuilders to commit corporate suicide
"Shadow housing minister Grant Shapps has challenged housebuilders to embrace his new planning proposals and shake off the restraints of a "planned system". Speaking at the NHBC's General Election Lecture series, Shapps confirmed his plans to give local communities more power over new development in their area, an idea that the industry fears could cut off new homes supply. But Shapps told the audience: "I can't believe that big housebuilders, instead of relying on their own wit and knowhow, want a planned system rather than a free market system." Surely, the "free market" is between those who want to buy new houses and those who want to build them? The more local the power to restrict planning, the more likely it is that it will be restricted.