Saturday, November 19, 2016
What would housebuilders say?
Old article but worth another look. It suggests: Set up a national land bank which acquires land cheaply (without planning permission, but with potential for development) and holds it for future release for housing and commercial development. The taxpayer benefits from the difference between the value of land without and with planning permission. Then, instead of concentrating on government debt the Chancellor could focus on debt minus assets, and the latter, consisting of saleable land and public infrastructure, would be huge under this scheme. The benefits flowing from these and suggested ancillary schemes would provide much more land for housing and bring down its cost.