In 2016 a National Audit Office report identified that the actual rate of public land sales was significantly lower than the £1bn per annum assumed by the government. As a result of this difference, the Centre for Progressive Capitalism has updated its analysis on the potential incremental uplift from land value capture for residential housing.
A recent blog post by Lichfields suggested that the government’s housing White Paper has been excessively criticised by housing commentators. They go further stating that the white paper “leaves enough flexibility in the process to reflect spatial variation and it stops short of gimmicks.” Lichfields raises an important issue as the housing white paper does indeed […]
Sajid Javid has made it clear that building more homes is his top priority. So what can we expect in his white paper later this month? Recent comments by Gavin Barwell suggest the government is focussed on finding a system that can fund the necessary infrastructure to pave the way for larger scale housebuilding while avoiding conflicts that can make schemes unviable. A housing white paper that finally addressed Britain’s feeble levels of infrastructure investment by tweaking the Land Compensation Act would be transformational
The chancellor should change the way the uplift in land values from infrastructure investment is captured to help boost investment by £180bn over the next 20 years and to make the economy work for everyone
Writing for Prospect, Centre for Progressive Capitalism director Thomas Aubrey argues that the answer to Britain's housing crisis lies in land value capture, something that Winston Churchill wrote about
For people’s basic needs to be provided in an era of globalisation, wages need to be rising at faster rates than housing costs. But Britain has continually failed to address its dysfunctional housing market and build sufficient homes