Thursday, September 26, 2013
How baffling, Labour would like to stop land hording.
The Labour leaderâ€™s ultimatum was stark enough: â€œWe will give developers a very clear message - either use the land or lose the land.â€ What did Miliband mean? Britainâ€™s biggest property owners include the Crown Estate, the Church of England and the Ministry of Defence, not to mention the Queen herself. Supermarket groups, including Tesco and Asda, have large landbanks too. Would a Labour government send storm troopers round to seize their assets? A report, â€œBarriers to Housing Deliveryâ€, by Molior London for Boris Johnson revealed that 45pc of the permitted homes in the capital are in the hands of â€œnon-buildersâ€.